| Issue Amount (₦’bn) | 8.00 |
| Tenor (Year) | 7 |
| Issue Date | May. 27, 2015 |
| Maturity Date | May. 27, 2022 |
| Coupon (%) | 17.00 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual and payable in arrears on November 27 and May 27 of each year up to and including the Maturity |
| Issue Rating | A-/GCR |
| ISIN | NGCRS2022S14 |
| Use of Proceeds | Loan Refinancing |
| Redemption | Par at maturity |
| Debt Service | A sinking fund will be created in each tranche/series in accordance with the provision of the Bonds Law. This Sinking Fund shall be funded from the Issuer’s statutory allocation by way of an Irrevocable Standing Payment Order (“ISPO”) issued by the State from its net Federation Account allocation receivables in accordance with the Bonds Law. The Sinking Fund shall be managed by the Trustees of the Bonds |
| Trustees | FBN Trustees Limited, Skye Trustees Limited, UBA Trustees Limited and Union Trustees Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
