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CORRECTED-(OFFICIAL)-Nigeria prices $500 million 15-year Eurobond with 7.5 pct yield

HomeNewsCORRECTED-(OFFICIAL)-Nigeria prices $500 million 15-year Eurobond with 7.5 pct yield
29
Mar
CORRECTED-(OFFICIAL)-Nigeria prices $500 million 15-year Eurobond with 7.5 pct yield
  • Author
    Alex Ikechukwu
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(Ministry corrects yield on Eurobond to 7.5 pct, not 5 pct)

ABUJA, March 29 (FxMallam) – Nigeria has priced a $500 million, 15-year Eurobond at 7.5 percent, the finance ministry said on Wednesday correcting a previous report of a 5% yield.

The Eurobond sale is part of Nigeria’s efforts to plug its record budget deficit.


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