- The FG redeems $500million Eurobond (DMO) says it has redeemed Nigeria’s 6.75% $500 Eurobond, which matured on the 28 January, 2021.
The Eurobond was issued in January 2011, it was learnt.
DMO in a statement said funds have been made available by the Federal Government to the Fiscal Agent to repay the principal sum of $500 million and the final interest payment due on the Eurobond.
Experts said the issuance of the Eurobond enabled Nigeria to diversify its sources of funding, raising a total of $10.67 billion from the International Capital Market (ICM).
