Nigeria has been given a $500 million Eurobond says the Debt Management Office (DMO)
In a press released made public in its twitter handle on Wednesday, the DMO re-affirmed that Nigeria was commitment to meeting her debt service obligations.
According to the statement, the Eurobond was issued in July 2013 (as part of a dual-tranche $1 billion Eurobond) for a tenor of 10 years at a coupon of 6.375 percent per annum.
It said Nigeria had previously redeemed a $500 million Eurobond in July 2018, another $500 million Eurobond in January 2021, and a $300 million Diaspora Bond in June 2022.
These, together with the $500 million Eurobond redeemed on Wednesday, the DMO said brought the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion.
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