• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 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

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

by Mark Itsibor
6 months ago
in News
Nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has expressed joy over the global investios’ interest to invest in the government’s fresh $2.2 billion Eurobonds set for offer in the international market.

Advertisement

The government announced the successfull pricing of $2.2 billion in the Eurobonds maturing in 2031 (6.5-ycar) and 2034 (10year) in the international capital markets on December 2, 2024, with $700 million and $1.5 billion placed in the 2031 and 2034 matunties, respectively.

According to a statement that was issued by the Debt Management Office (DMO) on Monday night, the 6.5-year and the 10-year were priced at a coupon and re-offer yield of 9.625 per cent and 10.375 per cent, respectively,

“Nigeria is pleased to have attracted a wide range of investors from multiple jurisdictions including the United Kingdom, North America, Europe, Asia, Middle East and participation from Nigerian investors, which it views as an expression of continued investor confidence in the country’s sound macro-economic policy framework and prudent fiscal and monetary management,” the DMO stated.

The transaction reportedly attracted a peak orderbook of more than $9 billion. The debt office said it underscored the strong support tor the transaction across geography and investor class.

RELATED

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

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

4 hours ago
Kwara South Monarchs, Leaders Defend Tinubu On Appointments

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

5 hours ago

With respect to investor class, demand came from a combination of fund managers, insurance and pension funds, hedge funds, banks and other financial institutions, according to DMO.

The statement quoted the minister of finance and coordinating minister of the Economy, Mr. Olawale Edun of saying, “Today’s successful issuance signposts mcreasing confidence in ongoing efforts of the President Bola Ahmed Tinubu, GCFR, administration to stabilize the Nigerian economy and position ut on the path of sustainable and inclusive growth for the benefit of all Nigerians.

“The broad range of investor appetite to invest in our Eurobonds is encouraging as we continue to diversify our funding sources and deepen our engagement national capital markets.”

For the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, the outcome underscored the growing confidence of investors and the resilience of the Nigeria credit, “and evidence of our improved liquidity position and continued access tw international markets to support the financing needs of the government”.

Commenting on the notes’ pricing, the Director-General of the Debt Management Office, Patience Oniha, said: “With the successful pricing of the Notes on intra-dav basis, Nigeria has registered a landmark achievement in the international capital market. the size of the orderbook at approximately 4.18x of the offer amount, and the strong and diverse investor base helped to price the new 6.5¥¥ at 9.625%, while new 10-vear Notes was priced at 10.375%.

“The DMO remains committed to maintaining transparency and open communication with investors and stakeholders and appreciates the continued confidence and support of the international and Nigerian investors who participated in the pricing.”

The notes were billed to be admitted to the official list of the UK Listing Authority and available to trade on the London Stock Exchange’s regulated market, the FMDQ Securities Exchange Limited and the Nigerian Exchange Limited.

Ms Oniha said proceeds from the eurobond issuance will be used to finance the 2024 fiscal deticit and support the government’s budgetary needs.

Nigeria mandated Chapel Hill Denham, Citigroup, Goldman Sachs, J.P. Morgan and Standard Chartered Bank as joint bookrunners. FSDH Merchant Bank Limited acted as Financial Adviser on the issuance.


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: DMOFederal Government
SendShareTweetShare
Previous Post

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

Next Post

Power Will Be Restored In 48hrs, Bayelsa Govt Assures Residents

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

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

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

2025/06/05
Kwara South Monarchs, Leaders Defend Tinubu On Appointments
News

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

2025/06/05
Crisis Brews In Zazzau Emirate As Ex-Waziri Petitions Kaduna Assembly Over Emir’s Seat
News

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

2025/06/05
The Bird Is Free, Elon Musk Declares After Twitter Acquisition
News

Trump Would Have Lost Election Without Me — Elon Musk

2025/06/05
Ganduje’s Suspension: Court Fixes May 27 For Hearing
News

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

2025/06/05
FCTA Clarifies Land Title Revocations
News

Era Of Banditry, Terrorism ‘ll Soon End — Wike

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.