Bond Nigerian Central Bank 0% ( NGT012208242 ) in NGN

Issuer	Nigerian Central Bank
Market price	100 % ▲
Country	Nigeria
ISIN code	NGT012208242 ( in NGN )
Interest rate	0%
Maturity	22/08/2024 - Bond has expired
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Minimal amount	/
Total amount	60 685 966 000 NGN
Detailed description	The Central Bank of Nigeria (CBN) is Nigeria's central bank, responsible for issuing currency, managing monetary policy, and regulating the financial system. The NGT012208242 bond, a significant debt instrument issued by the Central Bank of Nigeria, recently reached its maturity on August 22, 2024, and has been fully redeemed. The Central Bank of Nigeria, serving as the primary monetary authority of the Federal Republic of Nigeria, is responsible for formulating and implementing monetary policy, ensuring financial system stability, and managing the nation's foreign exchange reserves, thus playing a pivotal role in the country's economic framework and its ability to raise sovereign debt. This specific obligation, denominated in Nigerian Naira (NGN) and identified by ISIN NGT012208242, represented a total issue size of 60,685,966,000 NGN, indicating a substantial component of the nation's financial commitments. Notably, the bond featured a 0% interest rate, suggesting its structure as a zero-coupon instrument where investor returns are derived solely from the difference between the purchase price and the full principal repayment at its stated maturity, which was successfully completed at 100% of its face value, reinforcing the issuer's commitment to honoring its financial obligations.