Nigerian govt issues $500 million five-year domestic dollar bond at 9.75%

Nigerian govt issues $500 million five-year domestic dollar bond at 9.75% …C0NTINUE READING HERE >>>

The Federal Government of Nigeria has issued a $500 million dollar-denominated bond, opening for subscription on August 19, 2024, officially.

This comes after the government had announced plans to issue a $500 million dollar-denominated bond.

This bond, part of the government’s financing initiatives, will carry a 9.75 percent per annum interest rate and is set to mature in 2029.

Accordingly, the auction for the bond will remain open until August 30, 2024, giving investors a sufficient…

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