• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Gov’t Plans $500m Dual-tranche Eurobond Offerings

by Bukola Aro-Lambo
6 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

After a long wait all year, the Federal Republic of Nigeria has announced the launch of a dual-tranche Eurobond offering under its Global Medium Term Note Programme to finance the country’s 2024 fiscal deficit.

Advertisement

According to available documents, the government will be issuing $500 million worth of the bonds, BusinessDay reports.

The two tranches of the Eurobond are, 6.5-year bond with a coupon rate of 10.125 per cent and the second tranche is a 10-year bond with a coupon rate of 10.625 per cent.

The last time Africa’s most populous nation tapped the international debt market was in March 2022, when it raised $1.25 billion at a rate of 8.375 percent through a seven-year Eurobond.

Eurobonds are dollar-denominated debt which is an important source of foreign capital used for development finance. This issuance can serve as a succour for the country’s volatile currency and uncertainties like silence from the fiscal side, poor reserves, low oil production others could cause damage to the credibility of the Nigerian economy.

RELATED

SEC Urges Young People To Avoid Ponzi Schemes

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

15 hours ago
Zenith Grows Earnings By 24% To N945.5bn

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

15 hours ago

The bonds are expected to settle on December 9, 2024.

Foreign holdings drop $13 billion on naira slump, corporate exits

The proceeds from the Eurobond will be used to fund critical infrastructure projects and support economic growth.

This Eurobond issuance marks another significant step in Nigeria’s efforts to diversify its funding sources and attract foreign investment.

Wale Edun, minister of finance had announced plans for the federal government to issue $1.7 billion Eurobond as part of an external borrowing plan to strengthen the country’s finances and support economic reforms last month.

He said, “The first objective is to complete the federal government’s external borrowing program with the approval of the $2.2 billion financing package, which will include access to the international capital market through a combination of Eurobonds and Sukuk bonds—approximately $1.7 billion from the Eurobond offer and $500 million from Sukuk financing.

He disclosed this to State House correspondents on Thursday after the federal executive council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa.

According to him, the financing package will be raised through a combination of Eurobonds and Sukuk bonds, with approximately $1.7 billion expected to come from the Eurobond offer and $500 million from Sukuk financing.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Eurobond
SendShareTweetShare
Previous Post

NCAT Rector Raises The Alarm Over Shortage Of Funds For Capital Projects

Next Post

High Investors’ Interest In Fresh $2.2bn Eurobonds Excites Federal Gov’t

Bukola Aro-Lambo

Bukola Aro-Lambo

You May Like

SEC Urges Young People To Avoid Ponzi Schemes
Business

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

2025/06/05
Zenith Grows Earnings By 24% To N945.5bn
Business

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

2025/06/05
Oyetola
Business

Oyetola Leads Nigeria’s Delegation To UN Ocean Conference In France

2025/06/05
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Bullish Streak Extends As Stock Market Cap Hits N71trn

2025/06/05
Oando Resolves Shareholder Dispute, Releases 2019, 2020 Results
Business

Oando PAT Up 267% To N220bn

2025/06/05
Electricity Workers Shut Down AEDC Headquarters Over Unresolved Workers’ Grievances
Business

Power Outage Looms In Abuja, 3 States As AEDC Workers Issue Strike Notice

2025/06/05
Leadership Conference advertisement

LATEST

Eidal-Adha: Matawalle Donates 3,000 Rams To Zamfara People

In Sallah Message, Tinubu Assures Nigeria ‘ll Prosper, Reforms Working

Crisis Brews In Zazzau Emirate As Ex-Waziri Petitions Kaduna Assembly Over Emir’s Seat

Trump Would Have Lost Election Without Me — Elon Musk

Eid-el-Kabir: Ganduje Rejoices With Muslim Ummah, Preaches Sacrifice, Charity

Era Of Banditry, Terrorism ‘ll Soon End — Wike

Abuja Lions Club Donates 90-bed Hostel To FCT School Of The Blind

Eid-el-Kabir: Senator Ajagunla Shares 2,500 Bags Of Rice, 100 Rams To Constituents

Eid-el-Kabir: Speaker Abbas Urges Muslims To Pray For Nigeria, Imbibe Spirit Of Sacrifice

Eid-El-Kabir: Barau Calls For Unity, Support For Needy

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.