Nigeria has Re-Affirms Its Commitment To Meeting Its Debt Service Obligations As It Redeems A 500 Million US Dollar Eurobond On Its Due Date which is July 12, 2023
The Eurobond was issued in July 2013 as part of a dual-tranche 1 billion Dollars Eurobond for a tenor of ten years at a coupon of 6.375% per annum.
Nigeria had previously redeemed a 500 million Dollars Eurobond in July 2018, Another 500 million Dollars Eurobond in January 2021, and a 300 million Dollars Diaspora Bond in June 2022.
The debt management office in a statement pointed out that These, together with the 500 million Dollars Eurobond redeemed this Wednesday, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to 1.8 billion Dollars.
Nigeria’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six years the DMO says is a demonstration of its strong debt Management operations and planning.
