Bond Nigeriana 13.091% ( NGFGS2020173 ) in NGN

Issuer	Nigeriana
Market price	100 % ⇌
Country	Nigeria
ISIN code	NGFGS2020173 ( in NGN )
Interest rate	13.091% per year ( payment 1 time a year)
Maturity	15/11/2020 - Bond has expired
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Minimal amount	1 000 NGN
Total amount	183 810 000 000 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 Nigerian sovereign bond, identified by ISIN NGFGS2020173 and issued by the Federal Republic of Nigeria ? Africa's largest economy and most populous nation, recognized for its significant natural resources and diversifying non-oil sectors ? reached its scheduled maturity on November 15, 2020, and has since been fully repaid, confirming its successful redemption at par, as indicated by its stable market price of 100%; originally launched with a substantial total issue size of NGN 183,810,000,000, denominated in Nigerian Naira (NGN), this instrument offered investors a competitive annual interest rate of 13.091% with a minimum purchase threshold of NGN 1,000, providing consistent annual payments throughout its lifecycle until its final reimbursement.