THUR, 07 JULY, 2022-theGBJournal| The Debt Management Office (DMO) today announced simultaneous listing of an 8.375% US$1.250 billion Notes due March 2029 on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.
The Federal Government Eurobond was issued in March 2022 based on approvals in the Appropriation Act and subsequent approvals received from the Federal Executive Council and the National Assembly.
The DMO said the proceeds of the Eurobond were used for financing capital projects in the Appropriation Act.
‘’In addition, the proceeds contributed to an increase in Nigeria’s external reserves,’’ DMO said.
According to the Debt Management Office, the Eurobond has been listed on the London Stock Exchange, and the listing on the Nigerian Exchange Limited and FMDQ Securities Exchange limited represents the DMO’s commitment to boosting domestic capital market activities and creating opportunities for local players.
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