Bond Nigeriana 11.301% ( NGFGS2022591 ) in NGN

Issuer	Nigeriana
Market price	100 % ⇌
Country	Nigeria
ISIN code	NGFGS2022591 ( in NGN )
Interest rate	11.301% per year ( payment 1 time a year)
Maturity	16/08/2022 - Bond has expired
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Minimal amount	1 000 NGN
Total amount	243 371 000 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. An analysis of the recently matured Nigerian sovereign bond, identified by ISIN NGFGS2022591, reveals the successful redemption of a NGN-denominated debt instrument issued by Nigeria, a prominent African economy that leverages sovereign bonds to finance its developmental and budgetary requirements; this specific obligation, with a total issuance size of NGN 243,371,000 and a minimum purchase threshold of NGN 1,000, offered investors an annual interest rate of 11.301%, ultimately reaching its maturity on August 16, 2022, and being fully repaid at its par value of 100%.