Bond Nigeriana 13.48% ( NGFGB2022S13 ) in NGN

Issuer	Nigeriana
Market price	100 % ⇌
Country	Nigeria
ISIN code	NGFGB2022S13 ( in NGN )
Interest rate	13.48% per year ( payment 1 time a year)
Maturity	22/12/2022 - Bond has expired
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Minimal amount	1 000 NGN
Total amount	10 690 000 000 NGN
Detailed description	Nigeria is a West African country with a diverse population, significant oil reserves, and a rapidly growing economy grappling with issues of political instability, corruption, and inequality. The Federal Republic of Nigeria, a prominent sovereign issuer in sub-Saharan Africa known for its oil-dependent economy and significant demographic weight, recently concluded the lifecycle of a specific bond issuance, identified by ISIN NGFGB2022S13. This bond, issued within Nigeria and denominated in Nigerian Naira (NGN), featured a coupon rate of 13.48% and was offered with a total issue size amounting to NGN 10,690,000,000, requiring a minimum purchase size of NGN 1,000. Originally transacting at par, or 100% of its face value, this financial obligation successfully reached its scheduled maturity date on December 22, 2022, and has subsequently been fully redeemed and repaid, underscoring the government's commitment to its debt obligations.