Nigerian Exchange Limited says the Federal Government of Nigeria has listed $4 billion Eurobonds on its platform.
The Nigerian Exchange Limited (NGX) disclosed this on Monday on its official Twitter handle.
Eurobond issuances are debt instruments denominated in a different currency than the local one of the country where the bond is issued.
The Eurobonds were issued in three tranches of 7 years, 12 years and 30 years, respectively.
The first tranche worth $1.25 billion would be due by September 2028 at 6.12%
The second tranche worth $1.50 billion would be due by September 2033 at 7.375%
Also, the third tranche valued at $1.25 billion would be due September 2051 at 8.250%