The Federal Government of Nigeria has expanded its presence on the Nigerian Exchange Limited (NGX) by listing a new bond and supplementary issues of existing bonds.
New Listing:
- Bond Name: 22.60% FGN JAN 2035
- Total Value: N368,309,761,000
- Units Issued: 368,309,761
- Coupon Rate: 22.60%
- Tenor: 10 years
- Issue Date: January 29, 2025
- Maturity Date: January 29, 2035
- Coupon Payments: Semi-annually (July 29 and January 29)
Supplementary Listings:
- 19.30% FGN APR 2029:
- Outstanding Units (as of February 18, 2025): 463,161,536 (increased by 78,859,905 units)
- 18.50% FGN FEB 2031:
- Outstanding Units: 2,108,213,312 (increased by 153,869,360 units)
This listing activity provides investors with increased opportunities to participate in the Nigerian debt market.
Source: Fundvine / Stockwatch
