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Nigeria's $2.35bn Eurobonds Massively Oversubscribed By Over $10.65bn
- Nigeria's recent Eurobond issuance of $2.35 billion received over $13 billion in subscriptions, significantly exceeding expectations and reflecting strong investor interest from multiple regions, including the UK and North America.
- The issued bonds, maturing in 2036 and 2046, were priced at yields of 8.6308% and 9.1297%, respectively, marking a significant achievement in Nigeria's capital market access.
- President Bola Ahmed Tinubu stated that this positive outcome shows strong investor confidence in Nigeria's economic reforms and plans, emphasizing the nation's credible status in global markets.
- The proceeds from the Eurobond will help finance the fiscal deficit for 2025 and support various government financing needs.
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14 Articles
14 Articles
Nigeria opens $2.3 billion Eurobond sale to plug budget gap
Two securities, comprising a 10-year tranche of 9.13 per cent yield and a 20-year tranche of 9.63 per cent yield, are up for grabs. The post Nigeria opens $2.3 billion Eurobond sale to plug budget gap appeared first on Premium Times Nigeria.
·Abuja, Nigeria
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Tinubu’s Fiscal Reforms Begin To Pay Off As Nigeria Attracts Global Bond Investors
Nigeria has raised $2.25 billion from a Eurobond issuance as global investors demonstrated renewed confidence in the country’s fiscal direction under President Bola Tinubu. The dual-tranche offer, consisting of 10-year and 20-year maturities, was oversubscribed and priced at 8.625% and 9.125%, respectively—below the initial guidance range. The successful transaction highlights the impact of ongoing fiscal […] The post Tinubu’s Fiscal Reforms Beg…
Coverage Details
Total News Sources14
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
Factuality
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