NewStats: 3,265,551 , 8,187,175 topics. Date: Sunday, 15 June 2025 at 05:25 PM 3x4mo

Nigeria secures $2.2bn Eurobonds to finance 2024 budget deficitThe Debt Management Office (DMO) says Nigeria has successfully priced $2.2bn in Eurobonds that will mature in 2031 (6.5 years) and 2034 (10 years) in the international capital markets.

In a statement on Monday, the DMO said the bond has $700m and $1.5bn placed in the 2031 and 2034 maturities, respectively.It said the proceeds from bond issuance would be used to finance the 2024 fiscal deficit and the government’s budgetary needs.It said the notes were priced at a Coupon and Re-offer Yield of 9.625 per cent and 10.375 percent, respectively.

“Nigeria is pleased to have attracted a wide range of investors from multiple jurisdictions including the United Kingdom, North America, Europe, Asia, Middle East and participation from Nigerian investors, which it views as an expression of continued investor confidence in the country’s sound macro-economic policy framework and prudent fiscal and monetary management,” it said.

The statement further said the transaction attracted a peak order book of more than $9bn. This underscores the strong for the transaction across geography and investor class.

“With respect to investor class, demand came from a combination of Fund Managers, Insurance and Pension Funds, Hedge Funds, Banks and other Financial Institutions,” it added.Commenting on the successful pricing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, said: “Today’s successful issuance signposts increasing confidence in ongoing efforts of the President Bola Ahmed Tinubu, GCFR, istration to stabilize the Nigerian economy and position it on the path of sustainable and inclusive growth for the benefit of all Nigerians. The broad range of investor appetite to invest in our Eurobonds is encouraging as we continue to diversify our funding sources and deepen our engagement with the international capital markets.”

According to the Governor of the Central Bank of Nigeria, Olayemi Cardoso, its outcome underscores the growing confidence of investors and the resilience of the Nigeria credit, and evidence of our improved liquidity position and continued access to international markets to the financing needs of the government.UK Listing Authority and available to trade on the London Stock Exchange’s regulated market, the FMDQ Securities Exchange Limited and the Nigerian Exchange Limited.

“The proceeds from this Eurobond issuance will be used to finance the 2024 fiscal deficit and the government’s budgetary needs. Nigeria mandated Chapel Hill Denham, Citigroup, Goldman Sachs, J.P. Morgan and Standard Chartered Bank as t Bookrunners. FSDH Merchant Bank Limited acted as Financial Adviser on the issuance,” she added

https://dailytrust.com/nigeria-secures-2-2bn-eurobonds-to-finance-2024-budget-deficit/#:~:text=The%20Debt%20Management%20Office%20(DMO)%20says%20Nigeria%20has%20successfully%20priced,2031%20and%202034%20maturities%2C%20respectively.

Tinubu and his Co's will die before then. Nigeria will be great again when this evil men die

Always securing

na u sell dem Otapiapia>?

smart8956:
Tinubu and his Co's will die before then. Nigeria will be great again when this evil men die

Hmm

Let’s move on to the next Loan please.

This is done already. APC urchins una eyes no go ever clear

Lol… Euro bond at 10%. The future of Nigeria’s economy is not looking good at all.

If we don’t restructure Inec, Judiciary etc and get a serious president into power that will eliminate waste just know Naira will trade at #3000 per dollar before this bond matures.

Tpain is is borrowing even with all the money he is making from subsidy removal and taxes. This man is a pain in the ass. Nigeria is doomed

Always securing or borrowing 🥱

What happened to d money from oil subsidy removal

Johnrake69:
Lol… Euro bond at 10%. The future of Nigeria’s economy is not looking good at all.

If we don’t restructure Inec, Judiciary etc and get a serious president into power that will eliminate waste just know Naira will trade at #3000 per dollar before this bond matures.

$1 = 3500 imminent by January , you say mature. 😂 U never see anything

This shows confidence in the economy is overwhelming

While around $1.5 billion was offered, Nigeria recorded a total subscription of $8.8 billion. Only $2.2 billion was later allotted.

The allotments are - $700 million for the 6.5-year bond priced at 9.625% and a larger $1.5 billion for the 10-year bond priced at 10.375%.

How else do you describe investors confidence in the ongoing reforms?

Almost 600% over subscription on Eurobond is perhaps unprecedented.

After borrowing , and settling these "law makers" who are the second most useless people in this life, they'd then ask Nigerians to pay back, money them no chop. 😂 Since I come this life , I never see who useless these people.

yoruboid:
This shows confidence in the economy is overwhelming

While around $1.5 billion was offered, Nigeria recorded a total subscription of $8.8 billion. Only $2.2 billion was later allotted.

The allotments are - $700 million for the 6.5-year bond priced at 9.625% and a larger $1.5 billion for the 10-year bond priced at 10.375%.

How else do you describe investors confidence in the ongoing reforms?

Almost 600% over subscription on Eurobond is perhaps unprecedented.

You are hiding failure behind big English. You are aware companies are leaving Nigeria? Didn't you read the headlines yesterday that a company sold them shares for $1bn and left? You In because of 30,000 naira and 4 onions? Oil no day the package o. Stomach infrastructure officer. Your children go soon go Cameroon and Cotonou for house boy services , by then , you go understand how things be.

Very soon we will create ministry of loan and have a minister, like minister of loan. His job would be to just be taking loans.

We prefer to loot the small money we are generating as a country and then turn a round to borrow only to still loot it again.

ok

smart8956:
Tinubu and his Co's will die before then. Nigeria will be great again when this evil men die

Lol, "soldiers come and go, but evil remains." The same applies to leaders - even if we replace them all, we the followers will just continue where they left off. The truth is, we're all part of the problem. Greed and selfishness run deep in our society. It's our attitudes and mindsets that prevent us from developing.

Even the ones who complain the most would probably do a worse job if given the chance to lead. We only seem to criticize our leaders when we're not benefitting from the corrupt system. But once we in, corruption suddenly becomes the norm for us too. So really, it's not just about blaming our leaders - we need to look in the mirror and realize that change starts with each one of us.

Peace!

The only bonds I know well is chemical bonding; the molecular forces between atoms and molecules.

Anyways, we still pray for Nigeria!

Nigeria will be better!

In summary, this is another loan.
All these external loans should stop.
It appears as if there are a few people in the federal government and the lending institution who get commissions from these loans.
When the federal government takes external loans, they indirectly take money from the general Nigerian population through naira devaluation, increase in the price of petroleum products, and excessive inflation.

People have refused to ask critical question. Wale Edu came out to claim Tinubu's government have saved $20b from subsidy removal and floating of naira but the same government has been going on borrowing spree and everybody just keep mute as if nothing happen.
As I always say, the government or country can develop on lies. Every country that had developed or on the process of developing are built on truthfulness and sincerity and not built on falsehood.
Even those out representative that are voted to be check and balance to the executive, are just approving the loans without asking question.
You can say you save such huge amount and still go borrowing. It shows there is no sincerity in their government.
Kolorun Oba ko ko wa yo, lo ko eru ta ko si.

yoruboid:
This shows confidence in the economy is overwhelming

While around $1.5 billion was offered, Nigeria recorded a total subscription of $8.8 billion. Only $2.2 billion was later allotted.

The allotments are - $700 million for the 6.5-year bond priced at 9.625% and a larger $1.5 billion for the 10-year bond priced at 10.375%.

How else do you describe investors confidence in the ongoing reforms?

Almost 600% over subscription on Eurobond is perhaps unprecedented.

Where is the $20b claimed to have been saved from subsidy removal and floating of naira?
I don't think Tinubu's government should be borrowing with such huge saving. E beru Olorun Oba fa.

Almunjid:

Lol, "soldiers come and go, but evil remains." The same applies to leaders - even if we replace them all, we the followers will just continue where they left off. The truth is, we're all part of the problem. Greed and selfishness run deep in our society. It's our attitudes and mindsets that prevent us from developing.

Even the ones who complain the most would probably do a worse job if given the chance to lead. We only seem to criticize our leaders when we're not benefitting from the corrupt system. But once we in, corruption suddenly becomes the norm for us too. So really, it's not just about blaming our leaders - we need to look in the mirror and realize that change starts with each one of us.

Peace!

So what's your solution if you're given the chance?
For me, I've prayed if I die and go to hell, the first person I'll meet is tinubu. I'll fight him, kill him the second time.
Do you know how much school fees nigerian students are paying now in UK, USA and other countries? Like times 4 of what they usually pay as of June 2023 before the bat!Diot devalue the currency.
So increasing this, plus fuel price, how is it benefiting the common man? Today price of pizza and shawarma that usually cost 2k is going for 15k.

The useless law makers, are benefiting. When was the last time you hear a honourable, a seating senator of your senatorial District that he has granted students scholarships or study abroad as it use to be?

Have you forgotten in your secondary school you'll hear many governors, senator's, house sending people from their wards abroad? Today where are there?
Looting is not even enough for their children and their many wives. Such a wickedness in china you're sentence to death. In America you're either jailed are got shot by angry citizen. If they can try to silence (k!LL) trump who's Tinubu?

If they can allow Nigerians to hold guns, by now many of them would've gone but they're not mad enough to allow citizens own guns like in the states because they know it's a threat to them.

Anything not benefiting law , and the president's family is not allowed into the Senate. They don't care about ordinary Nigerian. It's wickedness reason I South Africa, Dubai and other countries whenever they mock us. They're saying the truth like it or not. Half a million citizens leaving the country every year means alot. We're now like Zimbabweans migrating to any useless countries even Ghana and Cameroon to receive insults, and it's getting worse every day.

Here in Canada those politicians children are hiding, they don't go out. Their parents are telling them and they know the dangers otherwise we know how to stroll them even online, they don't use their parents names.

People abroad now all have stop sending money to their relatives back home because they believe they voted this theives, hence the suffering increases..

And Like you said everyone is damm corrupt and it's true judging from the women who were made ministers, they looted more than the corrupt men. But if I have the chance, I'll step on their toes jail each and everyone of them, k!LL and silence them one after the other like what Israel and Iran is doing. Kill them until they're no more, even root to their families. No pity. Otherwise the menace will continue.

I rest!

IfnobeGod20:

Where is the $20b claimed to have saved from subsidy removal and floating of naira?
I don't think Tinubu's government should be borrowing with such huge saving. E beru Olorun Oba fa.

They are in FAAC which the governors control most of

They are in the increased minimum wage

They are in the students’ loans

They are in the renewed hope estates

They are in several projects we see across the country

Whytelyon:


You are hiding failure behind big English. You are aware companies are leaving Nigeria? Didn't you read the headlines yesterday that a company sold them shares for $1bn and left? You In because of 30,000 naira and 4 onions? Oil no day the package o. Stomach infrastructure officer. Your children go soon go Cameroon and Cotonou for house boy services , by then , you go understand how things be.

Don't mind that animal,
he created multiple s and likes his own stupid comments multiple times

yoruboid:
This shows confidence in the economy is overwhelming

While around $1.5 billion was offered, Nigeria recorded a total subscription of $8.8 billion. Only $2.2 billion was later allotted.

The allotments are - $700 million for the 6.5-year bond priced at 9.625% and a larger $1.5 billion for the 10-year bond priced at 10.375%.

How else do you describe investors confidence in the ongoing reforms?

Almost 600% over subscription on Eurobond is perhaps unprecedented.

You are deceiving yourself with the fake optimism you put up for your corrupted leaders.

You know how many years we still have left for this istration?

Basicend:


You are deceiving yourself with the fake optimism you put up for your corrupted leaders.

You know how many years we still have left for this istration?

6.5 years

Madness
Despite all the taxes, removing oil subsidies and increasing the price of everything

omo what a zombie.

see the interest rate the government is offering - o fcourse there will be over-subscription.
make i explain in a simple way so dummies will understand.

Imagine them selling bag of rice for 5,000 - will there not big crowd to buy the rice? that called over-subscription.

they are basically bleeping your children in the yansh with this moves.



zombies ....dem plenty for dis kontry sha

yoruboid:
This shows confidence in the economy is overwhelming

While around $1.5 billion was offered, Nigeria recorded a total subscription of $8.8 billion. Only $2.2 billion was later allotted.

The allotments are - $700 million for the 6.5-year bond priced at 9.625% and a larger $1.5 billion for the 10-year bond priced at 10.375%.

How else do you describe investors confidence in the ongoing reforms?

Almost 600% over subscription on Eurobond is perhaps unprecedented.

yoruboid:


They are in FAAC which the governors control most of

They are in the increased minimum wage

They are in the students’ loans

They are in the renewed hope estates

They are in several projects we see across the country

They are in FAAC, meaning the country no more generating anything and it is only subsidy remittance that they share monthly.

They are in an increased minimum wage. I am a federal worker but till date I have not been paid minimum wage. In my organisation alone at least we are almost 4,000 workers, lest I talk about complementary organizations like my own that have not been paid too till date. Those ones are even more than my own organization in number.

Please how many students have so far accessed the students' loan. Report says N11,047,793,949.80 billion have been disbursed to 105,764 students. Then, you ask yourself, how much is 105,764 in a country where over 133m people are in abject poverty and 88m in an extreme poverty.
https://dailytrust.com/more-students-hopeful-as-nelfund-disbursements-hit-s/

Mr. Man, there is no project Tinubu's government have embarked on that he has not sourced for loan. His government has borrowed over #20 trillion in just less than two years while in the whole 8 years of Buhari he only borrowed #31 trillions. Truly you ers of Tinubu no get shame at all to even have the gut reeling out nonsense thinking you're discussing with a novice.

May your life be ran the same way Tinubu is running this our country.

that another $2.2b just added to the bloated loans already secured. Shame?

smart8956:
Tinubu and his Co's will die before then. Nigeria will be great again when this evil men die

I have Warned many of you in these forum ro stop wishing other people dead. Your may come faster. Look at all.thempeople.rhat mocked BAT before the election. They have all gone.

Nigeria has successfully priced $2.2 billion in Eurobonds to the 2024 budget deficit. The issuance, which includes $700 million maturing in 2031 and $1.5 billion maturing in 2034, was well-received across various international markets, with strong demand from investors in the UK, North America, Europe, Asia, and the Middle East, as well as participation from Nigerian investors. This demonstrates continued confidence in Nigeria's macroeconomic policies and fiscal management.

The bond issuance was priced with a coupon of 9.625% and a re-offer yield of 10.375%. It attracted over $9 billion in orders, reflecting broad from a range of investor classes, including fund managers, insurance and pension funds, hedge funds, and financial institutions. This strong demand signals growing confidence in Nigeria’s economic outlook and its ability to access international capital markets.

The proceeds from this issuance will be used to finance the 2024 fiscal deficit and the government’s budgetary needs. This success is a clear sign of investor confidence in President Bola Ahmed Tinubu’s efforts to stabilize and grow the Nigerian economy sustainably and inclusively. It also underscores the resilience of Nigeria’s credit and the country’s continued access to international markets to meet its financing needs.

The transaction was led by Chapel Hill Denham, Citigroup, Goldman Sachs, J.P. Morgan, and Standard Chartered Bank, with FSDH Merchant Bank Limited acting as financial adviser. We are optimistic that this successful issuance will help strengthen Nigeria’s financial position as we continue to work towards a more diversified and robust economy.