Lagos State Government of Nigeria ₦137.33bn S4 Fixed Rate Bond
Issue Details
Series
4
4
Issue Amount (N'bn)
137.33
137.33
Tenor (Years)
10
10
Coupon
13.00
13.00
Issue Date
Dec. 20, 2021
Dec. 20, 2021
Maturity Date
Dec. 20, 2031
Dec. 20, 2031
Status
Listed
Listed
Issuer
Programme
Offer Documents
Issuer Ratings
Issue Price
Redemption
Coupon Frequency
At par. N 1,000.00 (One Thousand Naira)
Amortised redemption of the Principal Amount from the Issue Date following the expiration of a 24 (Twenty-Four) month principal moratorium period on repayment of the Principal Amount; or upon a call, at Par. The Bond is callable by the Issuer at Par after 60 (Sixty) months on any Interest Payment Date subject to the Issuer having obtained prior regulatory approval and the requisite notice period.
Coupon shall be payable semi-annually in arrears in equal payments on each Coupon Payment Date up to and including the Maturity Date.
Issue Price
At par. N 1,000.00 (One Thousand Naira)
Joint Issuing Houses
Amortised redemption of the Principal Amount from the Issue Date following the expiration of a 24 (Twenty-Four) month principal moratorium period on repayment of the Principal Amount; or upon a call, at Par. The Bond is callable by the Issuer at Par after 60 (Sixty) months on any Interest Payment Date subject to the Issuer having obtained prior regulatory approval and the requisite notice period.
Redemption
Coupon shall be payable semi-annually in arrears in equal payments on each Coupon Payment Date up to and including the Maturity Date.
Offer Document(s)
| Title | Size | Download |
|---|---|---|
| Pricing Supplement | 5.65 MB | DownloadPreview |
No data was found
