Monday, February 01, 2021 / 09:35 AM / by DMO /
Header Image Credit: iStock
The Debt Management Office (DMO) has announced that
Nigeria's 6.75% USD500M JAN 2021 Eurobond which matures on January 28, 2021
will be redeemed.
For this purpose, funds have been made available by
the Federal Government of Nigeria to the Fiscal Agent to repay the principal
sum of USD500 million and final Interest payment due on the Eurobond.
By this development, Nigeria continues to demonstrate
in practical terms, its commitment towards honouring all its debt service
obligations as and when due.
The 6.75% USD500M JAN 2021 Eurobond which was issued
in January 2011 was Nigeria's first foray into the International Capital Market
The issuance of the Eurobond enabled Nigeria to
diversify its sources of funding as it successfully raised a total of
USD10,668.35 million from the ICM thereafter, making a total of USD11,168.35
million to finance the implementation of the Federal Budgets. This is in
addition to contributing to Nigeria's External Reserves.
Equally important, a number of private sector
operators, notably Nigerian Banks, have raised US Dollar funds from the ICM
following Nigeria's debut Eurobond in January 2011.
- Yields Strengthen In The Nigeria Eurobond Space As Oil Price
- A Case of Eurobond Market Contagion
Eurobond Market in H2-2020: Monetary Stimulus to Spur Market Recovery
- Angola Lead
The Sub-Saharan Africa Eurobonds With Nigeria Strengthening In The Shadows
- Increase in
Crude Oil Price Ignites More Interest in Nigerian Eurobond Market
Eurobonds Rallied Following Further Oil Production Cuts By Saudi Arabia
Eurobonds Sustain Rally Momentum As Global Oil Prices Continue To Gain
- DMO Request
for EOI for the Appointment of the Transaction Parties for the Issuance of
External Capital Raising Is to Part Finance Budget 2020 Deficit and
- A Return to the Eurobond Market
- A Likely Return To The Eurobond Market By FGN In 2020
- A Quiet Trading Session as Global Oil Pressure Weigh on Nigerian
- What is Driving Early Eurobond Redemption by the Banks?
- Nigerian Eurobonds Weaken as Trade war Depresses Oil Prices
- Nigerian Eurobonds Dip Following Less Dovish US FED Stance
- Traders Take Profit on Nigerian Eurobonds Ahead of US FED Rate
- Nigerian Bank Eurobonds Maintain Rally as First Bank Announces Call
on its 2021 Maturity
- DMO Clarifies Media Reports on Eurobond Issuance by Nigeria in 2019
- Nigerian Eurobonds Maintain Strong Rally as Global Central Banks
- Nigerian Eurobonds Surge on Trump-Xi's Planned Meeting at G-20
- DMO Lists FRN Dual-Tranche $2.5bn and Triple Tranche $2.86bn
Eurobond on FMDQ OTC
Countries and Eurobond Market: The Lovefest Continues in 2020?
Countries Scramble for the Eurobond Market