By InvestAdvocate
Lagos (INVESTADVOCATE)-The Federal Government of Nigeria (FGN) will on Thursday list its $1.0 billion eurobond on the floor of the Nigerian Stock Exchange (NSE).
On February 9, 2017, Nigeria priced its eurobond in the international market at an interest rate of 7.875 percent and maturing on 16th February 2032 with a bullet repayment of the principal.
Kemi Adeosun, Nigeria’s finance minister said, despite the continued economic volatility in Nigeria, the Notes were approximately eight (8) times oversubscribed with orders in excess of $7.8 billion compared to a pre-issuance target of US$ 1.0 billion demonstrating strong market appetite for Nigeria.
Abraham Nwankwo, the director general (DG) of the Debt Management Office (DMO) will visit the Exchange to list $1BN Eurobond and sound the Closing Gong.
