FG’s multi-tranche $4bn Eurobonds listed on NGX

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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%

– The Cable

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