The Debt Management Office on Tuesday said that Nigeria raised another $4billion through Eurobonds.
In a statement titled ‘Nigeria raises $4billion through Eurobonds’. the DMO said this would raise Nigeria’s Eurobond debt from $10.37billion as of the end of March, to $14.37billion.
According to the DMO “After an intensive two days of virtual meetings with investors across the globe, Nigeria has raised the sum of $4billion through Eurobonds.
“The order book peaked at $12.2billion which enabled the Federal Government of Nigeria to raise $1billiin more than the $3billion it initially announced.
“This exceptional performance has been described as ‘one of the biggest financial trades to come out of Africa in 2021 and an ‘excellent outcome’.
Bids for the Eurobonds were received from investors in Europe and America as well as Asia. “There was also good participation by local investors. The size of the order book and the quality of investors demonstrated confidence in Nigeria.”