Thursday, 15 November 2018 09:03

Press Release: Nigeria Raises US$2.86 Billion Eurobonds with Orders in Excess of US$9.5 Billion

NIGERIA RAISES A TOTAL OF US$2.86 BILLION ACROSS 7 YEAR, 12 YEAR AND 30 YEAR EUROBONDS, WITH ORDERS IN EXCESS OF $9.5 BILLION

Proceeds to fund the fiscal deficit and other financing needs

Abuja: 14 November 2018: The Federal Republic of Nigeria (the “Republic”) today announces that it has priced its offering of US$2.86 billion aggregate principal amount of triple series notes (the “Notes”) under its Global Medium Term Note Programme. The offering has attracted significant interest from leading global institutional investors with a peak combined order book of over US$9.5 billion, which reflects an over-subscription of more than 3 times and demonstrates the on-going confidence of international capital market investors in Nigeria’s investment story. Click Here to Read More