• About
  • Advertise
  • Contact
Saturday, May 10, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Uncategorized

Nigeria raises $1.25billion Eurobond to finance capital projects

Vital News by Vital News
March 20, 2022
in Uncategorized
0
Share on FacebookShare on Twitter

Abuja – The Federal Government said it has raised a $1.25 billion Eurobond in the International Capital Market.

The proceeds of the Eurobond will be used to finance critical capital projects in the Budget to bridge the deficit in infrastructure and strengthen Nigeria’s economic recovery.

“Equally important, it would contribute directly and in full to the level of Nigeria’s External Reserves,” the Debt Management Office (DMO) disclosed this in a statement.

It indicated that the Eurobond had a seven-year tenor and singled out Nigeria as the first African nation to access funds from the International Capital Market, in 2022.

“Nigeria has today priced a USD 1.250 billion 7-year Eurobond in the International Capital Market (ICM). This development makes Nigeria the first African country to access the ICM in 2022,” the statement said.

RelatedStories

Leveraging Technology, Lagos Ministry Reconciles Missing Elderly Woman With Relatives

Nigeria’s Inflation Jumps To 34.8%

Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja

CBN Raises Interest Rate To 27.5pct

“Nigeria’s ability to access the ICM at this time is a confirmation of her established presence in the ICM and engagement with investors on a continuous basis. The Offer was launched at an Initial Price.

“Thoughts of 8.75 per cent per annum and on the back of strong investor demand, Nigeria was able to revise the price guidance to 8.5 per cent per annum.

“The Order Book continued to grow, reaching a peak of USD 4 billion. The Order Book included many quality investors in the United States, Europe and Asia.

“With this strong investor interest, the price was tightened to 8.375 per cent per annum, the Order Book still remained high at USD 3.676 billion and retained the quality investors.

“Nigerian investors also participated in the Offer with a total subscription of USD60 million. (vitalnews)

Tags: budgetdebtEurobondFinance
Previous Post

AfDB secures $15.6 billion to construct Lagos – Abidjan highway

Next Post

Bandits currently occupying 12 LGs in Niger State – Bello

Vital News

Vital News

RelatedStories

Hardship : LASG Extends Work-From-Home Policy By Three Months
Uncategorized

Leveraging Technology, Lagos Ministry Reconciles Missing Elderly Woman With Relatives

January 18, 2025
Uncategorized

Nigeria’s Inflation Jumps To 34.8%

January 15, 2025
Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja
Uncategorized

Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja

January 6, 2025
CBN Raises Interest Rate To 27.5pct
Uncategorized

CBN Raises Interest Rate To 27.5pct

November 26, 2024
Uncategorized

President Tinubu Excited As GDP Grows By 3.46pct In Q3

November 26, 2024
Next Post

Bandits currently occupying 12 LGs in Niger State - Bello

History as NDLEA arrest suspect with 20.75 kilogrammes of black liquid cocaine

We Can't Find a Replacement for Barrister, his widows cry out 12 years after

Leave a Reply Cancel reply

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

Follow Us

Recommended

Tinubu Congratulates UK PM-elect Starmer

Tinubu Congratulates UK PM-elect Starmer

10 months ago

FG overwhelmed as debt servicing exceeds revenue by N310 billion in four months

3 years ago

Nigeria Emerges World’s 31st Biggest Economy

3 years ago

Floods kill 96, Displace 1.2 million Persons In Bayelsa – State Govt.

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Judicial Service Commission Sends Judge On Compulsory Retirement For Corruption, Suspend Magistrate For Two Years

TMV Hails NELFUND’s Disbursement Of N53bln, Says Nigerian Students Have Cause To Celebrate

President Tinubu Appoints MDs, Chairmen For Regional Development Commissions

Hajj 2025 : NAHCON Commences Airlifting Of 40,671 Pilgrims To Mecca

Trending

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun
Health

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun

by Vital News
May 9, 2025
0

Governor Dapo Abiodun,of Ogun State on Friday inaugurated Nigeria's first large-scale rapid diagnostic test (IVD) production facility...

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca

May 9, 2025
CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

May 9, 2025
Gov. Radda, APC Chairman Present As Three PDP House Of Reps Members Defect To APC

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

May 9, 2025
Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

May 9, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun May 9, 2025
  • Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca May 9, 2025
  • CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah May 9, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In