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ItalianoBond Nigeria 12.418% ( NGFGS2022559 ) in NGN
| Issuer | Nigeria | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Nigeria
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| ISIN code |
 NGFGS2022559 ( in NGN )
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| Interest rate | 12.418% per year ( payment 1 time a year) | ||||||||
| Maturity | 19/06/2022 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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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. |
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