Connect with us

Hi, what are you looking for?

News

FG Repays 2013 $500m Eurobond

Federal government of Nigeria through the Debt Management Office (DMO) has repaid a $500 million Eurobond debt on its due date on July 12, 2023.

Gatekeepers reports that the DMO disclosed this while reiterating government’s commitment to meet debt service obligations.

The DMO in a statement on Wednesday said, “The Eurobond was issued in July 2013 (as part of a dual-tranche USD1 billion Eurobond) for a tenor of ten (10) years at a coupon of 6.375% per annum.

“Nigeria had previously redeemed a USD500 million Eurobond in July 2018, another USD500 million Eurobond in January 2021, and a USD300 million Diaspora Bond in June 2022.

“These, together with the USD500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion.”

The agency added that the country’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six (6) years is a demonstration of its strong debt management operations and planning.

You May Also Like

News

Senate has said the National Assembly, NASS, would need to revisit the N28.77tn 2024 budget. Gatekeepers News reports that the higher legislative Chamber said that...

News

Federal government of Nigeria has train services on the Port Harcourt-Aba route will commence by the end of March. Gatekeepers News reports that the...

Entertainment

See the full list of artistes that swept the Brit Awards, the top prize in music in the United Kingdom which unfolded in London...

News

Newspaper Headlines: Five Things You Need To Know This Morning Dollar To Naira Exchange Rate For Today March 03 2024 Read more… FG Summons...