Tag: Eurobond
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Osinbajo writes NASS, seeks approval of $500m Eurobond to fund 2016 budget
Acting President, Prof Yemi Osinbajo has written to the National Assembly, seek ing its approval to issue a Eurobond debt instrument of $500 million to fund the implementation of the 2016 budget, which runs it may 2017. The $500 million bond, according to the acting president, would be issued between February and March 2017,…
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Nigeria’s $1b Eurobond oversubscribed at 7.875% interest rate – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun has said the country’s $1 billion Eurobond offered in the international market has been oversubscribed at an interest rate of 7.875%. She said the Notes were approximately 8 times oversubscribed with orders in excess of US$7.8 billion compared to a pre-issuance target of US$ 1.0 billion. According to…
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FG appoints Transaction Parties for execution of $1bn Eurobond programme
The Honourable Minister of Finance, Mrs Kemi Adeosun on Wednesday at the Federal Executive Council (FEC) meeting presented a Memorandum seeking approval for the issuance of the USD1.00 Billion Eurobond in the International Capital Market (ICM) and the appointment of Transaction Parties responsible for the execution of the Programme. The Minister noted that the USD1.00…