Wednesday, July 2, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

Nigeria’s Eurobond Attracts $9 Billion In Investor Interest

Racheal Oloyede by Racheal Oloyede
December 3, 2024
in Featured, News
0
Nigeria’s Eurobond Attracts $9 Billion In Investor Interest
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

 

The Federal Republic of Nigeria successfully launched a $2.2 billion Eurobond in the international market, drawing an impressive $9 billion in investor interest.

Related posts

2027: Mark, Aregbesola Emerge ADC Interim Chairman, Secretary

2027: Mark, Aregbesola Emerge ADC Interim Chairman, Secretary

July 2, 2025
FG’s threats, blackmail, patronage made members defect to APC – PDP Leaders

FG’s threats, blackmail, patronage made members defect to APC – PDP Leaders

July 1, 2025

The bonds, structured into two tranches, include a 6.5-year bond maturing in 2031 and a 10-year bond maturing in 2034.

 

The Debt Management Office (DMO) revealed that $700 million was allocated to the 2031 tranche, while $1.5 billion was assigned to the 2034 tranche. The bonds were priced at a coupon and re-offer yield of 9.625% for the 6.5-year tranche and 10.375% for the 10-year tranche.

The bonds attracted a diverse pool of investors from regions including the United Kingdom, North America, Europe, Asia, the Middle East, and Nigeria. This widespread interest is seen as a testament to investor confidence in Nigeria’s macroeconomic policies and fiscal and monetary management.

According to the DMO, demand came from a mix of fund managers, insurance and pension funds, hedge funds, banks, and financial institutions. The order book peaked at $9 billion, nearly 4.18 times the offered amount.

Finance Minister Olawale Edun highlighted the issuance as a sign of growing confidence in President Bola Ahmed Tinubu’s economic stabilization efforts. He noted that the broad investor appetite aligns with Nigeria’s goal of diversifying funding sources and strengthening international market engagement.

Central Bank Governor Olayemi Cardoso emphasized that the success reflects Nigeria’s improved liquidity position and resilience in the international credit market, enabling support for the government’s financing needs.

DMO Director-General Patience Oniha described the pricing as a “landmark achievement,” underscoring the transparency and credibility maintained in Nigeria’s international financial transactions.

The Eurobond proceeds will primarily address the 2024 fiscal deficit and support budgetary requirements. The bonds will be listed on the UK Listing Authority, the London Stock Exchange, FMDQ Securities Exchange Limited, and the Nigerian Exchange Limited.

This successful issuance reinforces Nigeria’s strategy to balance its fiscal framework while positioning itself for sustainable economic growth.

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

EFCC Secures Final Forfeiture Of 753 Abuja Estate Duplexes

Next Post

State Governments Split On Support For Tax Reform Bills

Next Post
Jewish Priests Call For Nnamdi Kanu’s Freedom In Letter To Tinubu

State Governments Split On Support For Tax Reform Bills

RECOMMENDED NEWS

Low Scores Plague UTME Candidates As 1.4 Million Struggle Below 200 – JAMB

Low Scores Plague UTME Candidates As 1.4 Million Struggle Below 200 – JAMB

1 year ago
Nationwide Strike: NASS, NLC Leaders In Emergency Meeting

JUST IN: FG Increases Minimum Wage Offer To ₦62,000

1 year ago
‘NNPP Dead’, Ganduje Predicts Kwankwaso’s Return To APC

‘NNPP Dead’, Ganduje Predicts Kwankwaso’s Return To APC

3 months ago
NNPCL Denies $6.8bn Debt Allegations

NNPC To Partner Private Firms For Maintenance Of Refineries

10 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Coalition Dangote Refinery Defection Donald Trump Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigeria Labour Congress (NLC) Nigerian National Petroleum Company Limited (NNPCL) Nigeria Police Force Nnamdi Kanu NNPC NNPCL Oil Marketers PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Sexual Harassment Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • 2027: Mark, Aregbesola Emerge ADC Interim Chairman, Secretary
  • FG’s threats, blackmail, patronage made members defect to APC – PDP Leaders
  • ALTON Alert Users Of Service Disruption Nationwide Amid NIMC Platform Switch
  • 2027: Atiku’s Coalition Reviewing Obi’s Single Tenure Proposal, Says Tanko

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

2027: Mark, Aregbesola Emerge ADC Interim Chairman, Secretary

2027: Mark, Aregbesola Emerge ADC Interim Chairman, Secretary

July 2, 2025
FG’s threats, blackmail, patronage made members defect to APC – PDP Leaders

FG’s threats, blackmail, patronage made members defect to APC – PDP Leaders

July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights