Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields
As at Thursday July 6th, 2023

Bond Name	6.375% US$500M JUL 2023 Eurobond	7.625% US$1.118B NOV 2025 Eurobond	6.500% US$1.5BN NOV 2027 Eurobond	6.125% US$1.25BN SEP 2028 Eurobond	8.375% US$ 1.25BN MAR 2029 Eurobond	7.143% US$1.25B FEB 2030 Eurobond	8.747% US$1.0BN JAN 2031 Eurobond	7.875% US$1.5BN FEB 2032 Eurobond	7.375% US$1.5BN SEP 2033 Eurobond	7.696% US$1.25BN FEB 2038 Eurobond	7.625% US$1.5BN NOV 2047 Eurobond	9.248% US$750M JAN 2049 Eurobond	8.25% US$1.25BN SEP 2051 Eurobond
Price (US$)	99.528	95.595	86.210	82.425	89.184	82.649	88.352	82.578	77.323	73.259	69.328	80.999	73.047
Yield (%)	13.670	9.462	10.329	10.433	10.830	10.762	10.949	10.952	11.035	11.406	11.256	11.494	11.392
Yield at Issue (%)	6.375	7.625	6.500	6.125	8.375	7.143	8.747	7.875	7.375	7.696	7.625	9.248	8.250

Source: Bloomberg.



Eurobonds are bonds that are denominated in a currency other than that of the issuer. Nigerian Eurobonds are bonds issued by the Federal Government of Nigeria (usually US Dollars) for subscription by foreign investors and Nigerians in Diaspora.

How to Invest in Eurobonds

Nigerians residing in Nigeria can also subscribe to the bond (in USD) through authorised brokers/dealers. If your broker is not one of the licensed broker to the Eurobond, she can process your subscription on your behalf through a licensed broker

The process for buying Eurobonds is the same as that of FGN Bonds, only the currency is different. For an initial offer, you need to:

- Fill the required forms. Your broker will provide your required KYC documentation from file, or ask you to provide if you have not done so already - Fund your account accordingly subject to the stated minimum subscription amount - You will be notified and your account debited if your subscription was successful. You can also subscribe to existing Eurobonds through the secondary market. That may come at a premium. One key advantage of Eurobonds is that the Government gets to borrow at a rate lower than domestic interest rates while the subscribers get to invest in a currency that will hold value over time relative to the national currency.