The Debt Management Office (DMO) has listed the $1. 250 billion Federal Republic of Nigeria Eurobond on the Nigeria Exchange Limited and the FMDQ Securities Exchange Limited.
The decision to list the Eurobond on the Nigerian Exchange Limited and the FMDQ Securities Exchange Limited, the DMO said is a demonstration of its commitment “to boosting the domestic capital market activities, as well as, creating opportunities for local players’.
The bond was issued in March 2022 and it is expected to mature in March 2029. This is contained in a circular, posted on the DMO website
According to the DMO: “The Eurobond which was originally listed on the London Stock Exchange, was issued on approvals in this year’s Appropriation Act and subsequent approvals received from the Federal Executive council and the National Assembly’.
The DMO said the proceeds of the Eurobond were “used in financing capital projects in the Appropriation Act, and the proceeds contributed to an increase in Nigeria’s external reserves.”
