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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