THUR, 30 JUNE, 2022-theGBJournal| Debt Management Office (DMO) confirms that Nigeria has redeemed its $300 million Diaspora Bond which matured on June 27, 2022, demonstrating again the country’s commitment to honouring its debt obligations as at when due.
The Diaspora Bond was issued on June 27, for a tenor of five years in the international capital market and the proceeds were used to partly finance the deficit in the 2017 Appropriation Act.
‘’In addition to the objective of raising funds for the Government, it was an initiative to avail the Nigerian Diaspora the opportunity to invest in their home country.,’’ the DMO said .
The DMO noted in a statement Wednesday that with the redemption of the $500 million Eurobond in January 2021 and recently, the $300 million Diaspora Bond, the Federal Government has increased investors’ confidence in its commitment and ability to fulfill its debt obligations at maturity thereby reinforcing its presence in the international capital market.
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