Tag Archives: Eurobond

The All-Share Index of Nigerian Exchange Limited surged by 5.32 percent at the end of trading on Tuesday following the removal of subsidy by the newly inaugurated president of Nigeria, Bola Ahmed Tinubu.

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Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a $9.37bn or 625 per cent increase in five years.

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  The bond was oversubscribed with strong demand from international investors in the United Kingdom, United States, Europe, Middle East, Asia and Africa Following its successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (‘ETI’) (www.Ecobank.com), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listing …

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The Federal Government on Wednesday night said it received a combined offer of over $9.5bn for its $2.86bn Eurobond. This was contained in a statement issued by the Media Adviser to the Minister of Finance, Paul Ella Abechi. It said the bond was issued under its Global Medium Term Note Programme. The bond represents Nigeria’s sixth Eurobond issuance, following issuances …

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The Debt Management Office (DMO) has explained that the federal government opted for Eurobond issuance in its foreign borrowings, instead of cheaper concessional loans from external development institutions, because it needs to access limitless funds. Speaking in an interview with THISDAY, the Director General, DMO, Ms. Patience Oniha, explained that although concessional loans were cheaper, there was a limited amount …

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The federal government says it has successfully priced its $3 billion Eurobond with a tenor of 10 and 30 years. This is the biggest Eurobond Nigeria has ever issued. The $1.5 billion 10-year note will be offered at an interest rate of 6.5 percent, while the 30-year series will bear interest of 7.625 percent and will be repayable with a …

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In spite of the gloom on the country’s economy, investor confidence in Nigeria remains high as the $1 billion Eurobond issued by the federal government on Thursday was over-subscribed by almost eight times. The over-subscription was with orders in excess of $7.8 billion compared to a pre-issuance target of $1 billion. The bond, issued under Nigeria’s newly established Global Medium …

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Nigeria to raise $1B Eurobon FRIDAY EKEOBA As part of its drive to galvanize finance in tackling major economic demands, the Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme that …

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