Nigeria has successfully priced US$2.35 billion in Eurobonds maturing in 2036 and 2046 in the international capital markets.
With $1.25 billion and US$ 1.10 billion placed in the 2036 and 2046 maturities respectively, the Long 10-year bond and the Long 20-year Notes were priced at coupons / Yields of 8.6308% and 9.1297% respectively.
Wide Ranging Investment
The eurobond attracted investors from multiple countries including the United Kingdom, North America, Europe, Asia, Middle East and participation from Nigerian investors.
The transaction attracted a peak order book of over US$13 billion, marking the largest ever order book achieved by Nigeria.
Honourable Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, OFR said:
“This successful market access demonstrates the international community’s continued confidence in Nigeria’s reform trajectory and our commitment tosustainable, inclusive growth.”
The Notes will be admitted to the official list of the UK Listing Authority and available to trade on the London Stock Exchange’s regulated market, the FMDQ Securities Exchange Limited and the Nigerian Stock Exchange.
