Feb 9 (IFR) - The Federal Republic of Nigeria has launched a
US$1bn 15-year bullet bond at the tight end of final guidance at
7.875%, according to a lead.
The notes were initially marketed at 8.50% area, with
guidance set at 8.125%-8.375%, and final guidance at 8% area
(+/-12.5bp), to price in range.
Order books are in excess of US$7.8bn.
The 144A/Reg S notes due February 2032 are today's business
via joint bookrunners Citigroup and Standard Chartered, with
Stanbic IBTC Capital acting as financial adviser.
Nigeria is rated B1/B/B+.
(Reporting by Robert Hogg; editing by Sudip Roy)