Bond Nigeriana 0% ( NGT031601203 ) in NGN

Issuer	Nigeriana
Market price	100 % ⇌
Country	Nigeria
ISIN code	NGT031601203 ( in NGN )
Interest rate	0%
Maturity	16/01/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 NGN
Total amount	434 697 232 000 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. A financial review of the bond identified by ISIN NGT031601203 reveals key details concerning a sovereign debt instrument issued by Nigeria, Africa's most populous nation and largest economy, heavily reliant on its substantial oil reserves for revenue generation and development financing. This specific obligation, denominated in Nigerian Naira (NGN), represented a significant issuance totaling NGN 434,697,232,000, with a minimal purchase threshold set at NGN 1,000, catering to a diverse investor base. Notably, the bond carried a 0% interest rate, suggesting it was structured as a zero-coupon instrument where investor returns are derived from the discount at which it was initially acquired, rather than periodic coupon payments, with a payment frequency of one (annual) if applicable for other bond types, though not relevant here. The bond reached its final maturity on January 16, 2020, at which point it was successfully redeemed at 100% of its face value, confirming the timely and complete repayment of principal to all bondholders by the Nigerian government, thereby fulfilling its debt obligations. The redemption of this instrument underscores Nigeria's ongoing engagement with and adherence to its commitments within the global and domestic financial markets.