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The Debt Management Office (DMO) Wednesday announced that it will list the $300 million Diaspora Bond and $3 billion Eurobonds on the Nigerian Stock Exchange and Financial Market Dealers Quotation Over-the-Counter (FMDQ OTC) Securities Exchange respectively today.
The Diaspora Bond was issued in June while the $3 billion Eurobonds were issued in November at the International Capital Market (ICM). Both offers were issued with significant features with the $300 million Diaspora Bond was unveiled with five- year tenor and 5.625 per cent coupon.
On the other hand, the Eurobonds issuances came in two tranches of $1.5 billion 10-year offer with 6.50 per cent coupon and another $1.5 billion 30-year offer priced at 7.625 per cent coupon. According to a statement from the DMO, listing the $300 million Diaspora Bond and $3 billion Eurobonds on the NSE and FMDQ OTC would help increase the number and range of securities available in the domestic capital market.
Photo Caption: DMO LOGO
