• Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
Sunday, June 22, 2025
Mediatracnet
Advertisement
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
No Result
View All Result
Mediatracnet
No Result
View All Result
Home News

Nigeria redeems $500million 2021 Eurobond

Bassey Udo by Bassey Udo
January 28, 2021
in News
0
Nigeria redeems $500million 2021 Eurobond

The Debt Management Office (DMO) said Nigeria would redeem its 6.75% $500million JAN Eurobond which matured on Thursday, January 28, 2021.

Consequently, the debt management agency said the federal government has already made available the funds to the fiscal agent to repay the principal and final Interest payment due.

The DMO said the commitment to repay the matured bond was a demonstration in practical terms of Nigeria’s continued commitment to honour all its debt service obligations as and when due.

The 6.75% $50million JAN 2021 Eurobond was issued in January 2011 as Nigeria’s first foray into the International Capital Market (ICM).

The issuance of the Eurobond was to enable the country to diversify its sources of funding of the year’s federal budget.

At the end of the Eurobond issue, the government was able to successfully raise a total of $10.668billion from the ICM.

About $11.168billion was available to finance the implementation of the Federal Budgets, apart from contributions to Nigeria’s External Reserves.

The DMO said a number of private sector operators, namely Nigerian commercial banks, have raised US Dollar funds from the ICM following Nigeria’s debut Eurobond in January 2011.

Tags: Budget fundingDMOEuroboandNigeria
Previous Post

Stable food prices: Nigeria inaugurates committee to reposition own commodity exchange

Next Post

USAID launches new early grade learning Books in Igbo, Yoruba schools

Bassey Udo

Bassey Udo

Bassey Udo is a Journalist, Communication & Media Practitioner PERSONAL DETAILS DATE OF BIRTH: March 3, 1965 GENDER: Male NATIONALITY: Nigerian GSM: +234 802 313 7335; 07032308000 EMAIL: bassey.udo@gmail.com CONTACT ADDRESS: Plot 743 Coral Park Street, Lugbe CRD, Abuja, FCT 900128 A multiple award winning investigative reporter with specialised interest in Business & Economy, Energy & Power, Oil, Gas, Mining & Extractive Industry, Environment & Climate Change, etc. at various times for some of Nigeria’s elite newspapers and magazines, including Post Express, NewsAfrica magazine, Independent, 234NEXT and Premium Times. A member of the Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), Nigerian Institute of Public Relations (NIPR) and Society of International Law & Diplomacy (SILD). He is also a distinguished Alumnus of the U.S. International Visitors Leadership Programme (IVLP) 2017.

Next Post
USAID launches new early grade learning    Books in Igbo, Yoruba schools

USAID launches new early grade learning Books in Igbo, Yoruba schools

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business & Economy
  • Energy Transition & Global Environment
  • Labour & Productivity
  • News
  • Politics
  • Politics & Policy
  • Religion
  • Science & Technology
  • Social Business
  • Special Focus
  • Sport & Entertainment
  • Viewpoint & Comments
  • Visualisations
  • World
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.