Investors in Nigeria’s maiden foreign currency-denominated domestic bond will receive their allotments on Friday. This follows the conclusion of proposal for the $500 million bond by the Federal Government and its professional parties. Market sources yesterday said the bond, which closed on Friday, will be formally issued one week after. It is technically known as settlement. he September 6 settlement date will become the issuance date, upon which the tenor and coupon of the five-year sovereign bond will begin to count. The Series I $500 million Domestic United States (U.S.) Bond opened on August 19 and closed on scheduled August 30 date.
Investors in Nigeria’s maiden foreign currency-denominated domestic bond will receive th
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ReadmoreThe Federal Government will, on or before Friday, announce the result of the $500 million
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