• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy

Nigeria Redeems $500m Eurobond, Demonstrating Strong Debt Management

by Justice Godfrey Okamgba
July 13, 2023
in Economy
0
DMO
UBA
Advertisements

Nigeria has successfully redeemed a $500 million Eurobond that reached maturity on July 12, 2023, as confirmed by the Debt Management Office (DMO).

Issued in July 2013 with a tenor of 10 years and an annual coupon rate of 6.375 percent, the Eurobond forms part of a dual-tranche USD 1 billion Eurobond, according to a statement published on the DMO’s website.

The DMO emphasized Nigeria’s commitment to meeting its debt service obligations, reaffirming the country’s dedication to honoring its financial responsibilities.

The statement from the DMO further underscored Nigeria’s strong debt management operations and planning, citing the successful redemption of Eurobonds and a diaspora bond over the past six years. This track record serves as a testament to Nigeria’s credibility and ability to manage its debt effectively.

The recent redemption of the $500 million Eurobond follows Nigeria’s prior redemptions, including a $500 million Eurobond in July 2018, another $500 million Eurobond in January 2021, and a $300 million diaspora bond in June 2022.

These redemptions, in addition to the latest Eurobond, bring the total amount of securities redeemed by Nigeria in the international capital market to $1.8 billion.

However, concerns have arisen regarding the Federal Government’s low revenue generation. The reliance on oil as the primary revenue source has proven challenging due to factors such as reduced production and the recent removal of subsidies.

As Nigeria redeems its Eurobond and grapples with revenue generation challenges, the country’s commitment to meeting its debt obligations and implementing sound debt management practices remains at the forefront of its financial operations.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: DMOEurobond
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
When Was the Last Time You Bought a Newspaper?

When Was the Last Time You Bought a Newspaper?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

GTBank Kenya receives $15,000,000 loan from IFC to support SMEs

3 years ago

Budget Office says Nigeria may Seek Bailout from IMF

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.