UBA redeems $500million 5-year Eurobond
The United Bank for Africa Plc (UBA) has redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. The five-year bond issued in 2017 was offered at a coupon rate…
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Eurobond fails to lift reserves as more borrowing underway
The $1.25bn Eurobond Nigeria issued in March this year failed to shore up the country’s external reserves, which dropped by 2.15 percent year-to-date, even as the federal government plans…
Nigeria’s new Eurobond to push external reserves to $40bn – FBNQuest
Nigeria’s external reserves are estimated to grow to about $40 billion by the end of the year, following the latest Eurobond issuance of $1.25 billion in March 2022, according to a report by…
Nigeria suspends planned Eurobond sale over market conditions
A planned Eurobond sale by the Nigerian government has been delayed due to unfavourable market conditions, sources familiar with the matter inform BusinessDay.
The sale, which was…
FMDQ Exchange welcomes latest $4bn Eurobonds of Federal Govt to its Platform
FMDQ Securities Exchange Limited has listed on its platform the Federal Government of Nigeria 6.125percent $1.25billion SEP 2028, 7.375percent $1.50billion SEP 2033 and 8.250percent…