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ItalianoBond Nigeria 1.759% ( NGFGS2022807 ) in NGN
| Issuer | Nigeria | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Nigeria
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| ISIN code |
 NGFGS2022807 ( in NGN )
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| Interest rate | 1.759% per year ( payment 1 time a year) | ||||||||
| Maturity | 11/11/2022 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 NGN | ||||||||
| Total amount | 27 920 000 000 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, a key player in African sovereign debt markets, recently saw the maturity and full repayment of its NGN-denominated bond, ISIN NGFGS2022807, on November 11, 2022. This specific fixed-income instrument, which carried an interest rate of 1.759% and was issued in Nigeria, reached its scheduled maturity at a market price of 100%, signaling its complete reimbursement. The bond had a total issuance size of 27,920,000,000 Nigerian Naira, with a minimum investment threshold of 1,000 NGN, thereby confirming the timely fulfillment of the issuer's financial obligations. |
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