Nigeria’s Eurobond sale draws record $13bn orders as investors pile in

…Orders top $13bn

Nigeria successfully priced $2.35 billion in Eurobonds maturing in 2036 and 2046, marking the largest-ever orderbook achieved by the country and underscoring strong investor confidence in its macroeconomic policies and fiscal management.

The 10-year, $1.25 billion bond, maturing in 2036, was priced at a coupon of 8.6308 percent, while the 20-year, $1.10 billion note due in 2046, carried a coupon of 9.1297 percent.