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Federal Republic of Nigeria to Issue Diaspora Bond


ABUJA, Nigeria – The Federal Republic of Nigeria  announced today the commencement of a global offering of its first Diaspora Bond.  Nigeria has filed a registration statement for the Bonds with the United States Securities and Exchange Commission.  Application will be made for the Bonds to be admitted to the official list of the UK Listing Authority and to the London Stock Exchange plc (the “London Stock Exchange”) for the bonds to be admitted to trading on the London Stock Exchange’s regulated market.

The bonds will be direct, general obligations of Nigeria, denominated in U.S. Dollars. The international Joint Lead Managers are Bank of America Merrill Lynch and The Standard Bank of South Africa Limited and the Nigerian Joint Lead Managers are First Bank of Nigeria Limited and United Bank for Africa Plc. There will be a series of investor meetings in the United Kingdom, the United States and Switzerland commencing on June 13, 2017. Pricing is expected to occur following the investor meetings, subject to market conditions.

Contact information:

Debt Management Office

The Presidency
Plot 447/448, Constitution Avenue
Central Business District
P.M.B. 532 Garki, Abuja – Nigeria
Tel: 234(0)8110000881-3
Email: enquiries@dmo.gov.ng