Federal Gov’t Plans $500m Dual-tranche Eurobond Offerings …C0NTINUE READING HERE >>>
After a long wait all year, the Federal Republic of Nigeria has announced the launch of a dual-tranche Eurobond offering under its Global Medium Term Note Programme to finance the country’s 2024 fiscal deficit.
According to available documents, the government will be issuing $500 million worth of the bonds, BusinessDay reports.
The two tranches of the Eurobond are, 6.5-year bond with a coupon rate of 10.125 per cent and the second tranche is a 10-year bond with a coupon rate of…
>