Debt Management Office Lists $1.25 Billion Eurobond On NGX, FMDQ

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The Debt Management Office (DMO) has announced plans to list the 8.375%, $1.25 billion; March 2029 Eurobond on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.

This disclosure contain in a statement issue by the DMO and seen on its website.

The DMO stated that the Eurobond issue in March; based on approvals in the 2022 appropriation act and further approvals by the National Assembly and the Federal Executive Council (FEC).

The agency said the Eurobond had been listed on the London Stock Exchange. It said that listing of the Eurobond on the NGX and FMDQ was an indication; that DMO committed to boosting the domestic capital market activities. Therefore, creating opportunities for local players.

-Nairametrics.

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