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Federal Government Issues $500 Million Domestic Dollar Bond

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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 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.

Read another recent post here: https://classic97.net/house-of-reps-speaker-withdraws-counter-subversion-bill/

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