February 9, 2017 / 2:23 PM / 5 months ago

Nigeria launches US$1bn 15-year bond at 7.875%

1 Min Read

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below