Bond Nigeriana 12.418% ( NGFGS2022559 ) in NGN

Issuer	Nigeriana
Market price	100 % ⇌
Country	Nigeria
ISIN code	NGFGS2022559 ( in NGN )
Interest rate	12.418% per year ( payment 1 time a year)
Maturity	19/06/2022 - Bond has expired
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Minimal amount	1 000 NGN
Total amount	329 275 000 000 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 government, representing Africa's most populous nation and a prominent emerging market economy, issued a sovereign bond identified by ISIN NGFGS2022559, denominated in Nigerian Naira (NGN); this fixed-income instrument, which carried an annual interest rate of 12.418% and was part of a substantial NGN 329,275,000,000 total issuance, was accessible with a minimum purchase size of NGN 1,000 and traded at its par value of 100%, having reached its scheduled maturity date on June 19, 2022, and subsequently been fully redeemed and repaid to its investors.