A $500 million Eurobond that was issued in July 2013 (as part of a dual-tranche USD1 billion Eurobond) for a tenor of ten (10) years with a coupon of 6.375% per annum was redeemed by the Federal Government through the Debt Management Office (DMO) on its due date of July 12, 2023.
The DMO said that Nigeria had already redeemed a USD 500 million Eurobond in July 2018, a USD 500 million Eurobond in January 2021, and a USD 300 million Diaspora Bond in June 2022.
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“These, together with the USD500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion.
“Nigeria’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six (6) years is a demonstration of its strong debt management operations and planning.”
