| Issue Amount (₦’bn) | 112.22 |
| Tenor (Year) | 5 |
| Issue Date | Dec. 9, 2011 |
| Maturity Date | Dec. 9, 2016 |
| Coupon (%) | 0.00/16.00 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual in arrears on June 8 and December 8 after the end of the 3-year zero coupon period of the Bond |
| Issue Rating | N/A |
| Use of Proceeds | The estimated net issue proceeds from Tranche I would be used to settle the Local Contractors’ Debts |
| Redemption | Par at maturity |
| Debt Service | A Sinking Fund shall be created in accordance with the provisions of the Programme Trust Deed and applicable Supplemental Trust Deed(s); and will be funded by the Federal Government of Nigeria (FGN) from annual budgetary allocations |
| Trustees | Greenwich Nominees Limited and Skye Trustees Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
