FG considers more debt sale after sucess of $4 bn Eurobond

The Federal Government is weighing whether to sell more debt this year following the success of its Eurobond offering.

The government raised $4 billion from international investors Tuesday after receiving offers for four times the $3 billion it had initially targeted. Yields on the multi-tranche loans ranged from 6.125 per cent for the seven-year tenor, and 8.25 per cent for its 30-year issue.


Finance Minister Zainab Ahmed said last month the government is targeting raising $6.1 billion this year, with half of that amount expected to come from bilateral and multilateral sources.


The country might seek to raise the whole amount through the sale of Eurobonds “if tenors and pricing are good,” Debt Management Office Director-General Patience Oniha said.


“We will monitor the markets while still exploring other sources,” she said in an emailed response to questions. Tuesday’s debt sale was the first by Nigeria in three years and provides the nation’s central bank room to boost the supply of dollars, a shortage of which had prompted the regulator to ration foreign exchange.


Africa’s largest crude producer avoided external borrowing since 2018 after oil price plunged, cutting revenue and increasing the proportion of income it has to set aside to repay interest on its debts to above 70 per cent.




Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...




%d bloggers like this:
Fake Richard Mille Replica Watches, The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica