The Debt Management Office will list five Federal Government of
Nigeria Eurobonds on the Nigerian Stock Exchange on Friday
(today).
The listing is in line with DMO’s strategy to diversify the
funding base of the Federal Government and facilitate private
sector participation in the capital market, according to the
NSE.
The Eurobonds to be listed are the 7.143 per cent, 12-year,
$1.25bn FGN Eurobond; the 7.696 per cent, 20-year, $1.25bn FGN
Eurobond; the 7.625 per cent, seven-year, $1.118bn FGN Eurobond;
the 8.747 per cent, 12-year, $1bn FGN Eurobond, and the 9.248 per
cent, 30-year, $0.75bn FGN Eurobond.
According to NSE, the Eurobond issuances are expected to spur
private sector participation in the Nigerian capital markets as
domestic investors stood to gain increased access to instruments in
the secondary markets and a widened opportunity for portfolio
diversification.
“The listing of the Eurobonds will also facilitate the inflow of
foreign investment from international fund managers seeking to
diversify their portfolios from both asset class and geographical
perspectives, augment the domestic savings base and is ultimately
expected to lead to more sustainable growth and development of the
economy,” it added.
Subscribe ToNairalaw News!
Read more dmo-set-to-list-five-fgn-eurobonds-on-nse/