DMO Lists FGN Dual Tranche USD 2.5Bn and Tripple Tranch USD 2.86Bn EuroBonds on the NSE

DMO Lists FGN Dual Tranche USD 2.5Bn and Tripple Tranch USD 2.86Bn EuroBonds on the NSE

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The Debt Management Office (DMO) on June 14, 2019, listed the Dual and Triple Tranche Eurobond issues on Nigerian Domestic Exchanges.

The Eurobonds, which were issued respectively in February 2018 and November 2018, were oversubscribed, demonstrating the on-going confidence of international capital market investors in Nigeria’s investment story.

DMO Lists FGN Dual Tranche USD 2.5Bn and Tripple Tranch USD 2.86Bn EuroBonds on the NSE

The Eurobonds will represent the use by Government of long term lower cost funds to Finance Infrastructure while also creating opportunities for Domestic Borrowers.

DMO Lists FGN Dual Tranche USD 2.5Bn and Tripple Tranch USD 2.86Bn EuroBonds on the NSE

The listing of the latest Eurobond issues will provide benchmarks for corporations which intend to issue Eurobonds in the International Capital Markets and further deepen the Domestic Capital Markets by ensuring that the securities can be traded easily by Domestic Investors.

Read:  Ecobank: ‘Planting Today. Protecting Tomorrow’

 

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