Thursday, June 8, 2017/ 8:53 AM /DMO
The Federal Republic of Nigeria ("Nigeria") announced today the commencement of a global offering of its first Diaspora Bond. Nigeria has filed a registration statement for the Bonds with the United States Securities and Exchange Commission.
Application will be made for the Bonds to be admitted to the official list of the UK Listing Authority and to the London Stock Exchange plc (the “London Stock Exchange”) for the bonds to be admitted to trading on the London Stock Exchange’s regulated market.
The bonds will be direct, general obligations of Nigeria, denominated in U.S. Dollars. The international Joint Lead Managers are Bank of America Merrill Lynch and The Standard Bank of South Africa Limited and the Nigerian Joint Lead Managers are First Bank of Nigeria Limited and United Bank for Africa Plc.
There will be a series of investor meetings in the United Kingdom, the United States and Switzerland commencing on June 13, 2017. Pricing is expected to occur following the investor meetings, subject to market conditions.
Copies of the final prospectus relating to the Bonds, when available, may be obtained by contacting:
1. Bank of America Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 2 North College Street, 3rd floor, Charlotte, NC 28255-0001; and for requests outside the United States, through
2. The Standard Bank of South Africa Limited; 3rd Floor, East Wing,30 Baker Street, Rosebank, Johannesburg 2196 South Africa;
3. ICBC Standard Bank Plc (the distribution agent of The Standard Bank of South Africa Limited in the United Kingdom) 20 Gresham Street, London EC2V 7JE, United Kingdom;
4. FBN Merchant Bank Limited, 10 Keffi Street, Ikoyi, Lagos, Nigeria; or
5. United Capital Plc, 12th Floor, UBA House 57 Marina, Lagos, Nigeria .
Download Press Release Here
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