Finance

DMO lists $1.25bn Eurobond on NGX, FMDQ

DMO bags awards for fulfilling debt obligations

The Debt Management Office on Thursday listed 8.375 per cent $1.25bn Eurobond on the Nigerian Exchange Limited and the FMDQ Securities Exchange Limited.

It disclosed this in a statement that proceeds of the Eurobond were used to finance capital projects.

The statement read, “The DMO will list the 8.375 per cent $1.25bn notes due March 2029 Federal Government of Nigeria Eurobond on the Nigerian Exchange Limited and the FMDQ Securities Exchange Limited today.

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“The 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 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.

“The Eurobond has been listed on the London Stock Exchange, the listing on the Nigerian Exchange Limited and the 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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Punch

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