"The succes

The Eurobond, which formed part of a dual-tranche USD 1 billion Eurobond, was released in July 2013. It had a duration of ten years and carried a coupon rate of 6.375% per annum.
According to the Debt Management Office (DMO), Nigeria has previously repaid a USD 500 million Eurobond in July 2018, another USD 500 million Eurobond in January 2021, and a USD 300 million Diaspora Bond in June 2022. In addition, the recent redemption of a USD 500 million Eurobond brings the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD 1.8 billion.

"The successful redemption of Nigeria's Eurobonds and Diaspora Bond in the International Capital Market (ICM) over the past six years is a testament to the country's effective debt management operations and strategic planning."

 

sful redemption of Nigeria's Eurobonds and Diaspo