The Federal Government has redeemed a $500 million 10-year tenor Eurobond with a due date of July 12, 2023.
A statement issued by the Debt Management Office (DMO), on Wednesday, July 12, said the Eurobond was issued in July 2013 as part of a dual-tranche one billion dollars Eurobond for a tenor of 10 years at a coupon of 6.375 per cent per annum.
The DMO said the redemption of the debt was a demonstration of the country’s commitment to meeting its debt service obligations.
READ ALSO: FG services debts with N1.2trn in Q1 2023
It stated that Nigeria had previously redeemed a $500 million Eurobond in July 2018, another $500 million Eurobond in January 2021, and a $300 million Diaspora Bond in June 2022.
The DMO added: “These, together with the $500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to $1.8 billion.
“Nigeria’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six years is a demonstration of its strong debt management operations and planning.”
The Court of Appeal in Abuja has stayed the execution of a Federal High Court…
The Federal Government has secured the conviction of 150 suspected terrorists out of 160 suspects…
A Federal High Court in Katsina has sentenced a woman, Hauwa’u Mukhtar, to death by…
President Bola Ahmed Tinubu on Tuesday commissioned a newly completed 10-unit Court of Appeal Judges’…
The Federal Capital Territory (FCT) High Court sitting in the Maitama area of Abuja on…
Former United States President Barack Obama has unveiled a new portrait of himself and ex-First…
This website uses cookies.