The Federal Government of Nigeria (FGN) has officially issued a $500 million domestic dollar bond, opening for subscription on August 19, 2024.
This bond, part of the government’s financing initiatives, will carry a 9.75% per annum interest rate and is set to mature in 2029.
The auction for this bond will remain open until August 30, 2024, giving investors a sufficient window to participate in this offering.
The settlement date, when investors will have their purchases confirmed and interest will begin accruing, is set for September 6, 2024.
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