8.50 20-nov-2029

IssuerFederal Government of Nigeria (FGN)
CurrencyNigerian Naira
Face Value (₦)1,000.00
Issuer RatingFitch: B+

S & P: B
ISINNGFG6B2029B8
Day Count ConventionActual/Actual
Issue Amount (₦’bn)200.00
Tenor (Years)20
Issue DateNov. 20, 2009
Maturity DateNov. 20, 2029
Coupon (%)8.50
Yield at Issue (%)8.50
Issue Price (₦)At par
Coupon FrequencySemi-annual
Use of ProceedsTo finance the Federal Government of Nigeria capital expenditure programme
RedemptionPar at maturity
Issuer’s AgentDebt Management Office (DMO)
Tax ConsiderationExempted from Nigerian tax