‘FG to Plug Deficit With $300m From Diaspora Bond’ 

The Director General, of Debt Management Office (DMO), Ms. Patience Oniha, has said that funding the budget deficit and refinancing debt portfolio were the reasons for raising the $300million Diaspora bond and $3 billion Eurobond.

According to Mrs Oniha, both offers were issued with significant features. ‘The $300 million Diaspora bond unveiled with 5-year tenor and 5.625 per cent coupon. The Eurobonds issuances came in two tranches of $1.5 billion 10-year offer with 6.50 percent coupon and another $1.5 billion 30-year offer priced at 7.625 per cent coupon.’

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‘FG to Plug Deficit With $300m From Diaspora Bond’ 

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