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ItalianoBond Nigeria 0% ( XS1960048400 ) in NGN
| Issuer | Nigeria | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Nigeria
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| ISIN code |
 XS1960048400 ( in NGN )
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| Interest rate | 0% | ||||||
| Maturity | 20/02/2020 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 000 NGN | ||||||
| Total amount | / | ||||||
| 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 ISIN XS1960048400 bond, issued by the Federal Republic of Nigeria, a prominent sovereign entity in West Africa and Africa's most populous nation, reached its maturity date on February 20, 2020, and was subsequently redeemed at 100% of its face value; this zero-coupon debt instrument, denominated in Nigerian Naira (NGN), featured a 0% interest rate and was initially available for a minimum purchase size of 1,000,000 units, having completed its lifecycle as a Nigerian-issued security with its singular payment frequency corresponding to the principal repayment upon maturity. |
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