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Nigeria floats $3bn dual-tranche bond
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Nigeria floats $3bn dual-tranche bond

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The Nigerian Government has announced the floating of $3 billion aggregate principal amount of dual series notes under its four and half billion dollar Global Medium Term Note programme.

The Notes comprise a one and half billion dollar 10-year series and another one and half billion dollar 30-year series.

The 10-year series will bear interest rate of 6.5%, while the 30-year series will bear interest rate of 7.6%.

The offering attracts significant interests from leading global institutional investors.

Minister of Finance, Kemi Adeosun says Nigeria is implementing an ambitious economic reform agenda designed to deliver long-term sustainable growth.

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