| Issue Amount (₦’bn) | 50.00 |
| Tenor (Year) | 7 |
| Issue Date | Sep. 30, 2011 |
| Maturity Date | Sep. 30, 2018 |
| Coupon (%) | 14.00 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Coupon is payable semi-annually in arrears in the 6th and 12th month from the Allotment Date |
| Issue Rating | A/Agusto; A+/GCR |
| ISIN | NGDEL2018S11 |
| Use of Proceeds | To Finance the Rehabilitation of Water Schemes and Roads |
| Redemption | Par at maturity |
| Debt Service | A sinking fund will be created in accordance with the Provision(s) of the Delta State Bond Law as passed by the State House of Assembly and the Investment and Securities Act No. 29 of 2007. The Sinking Fund shall be principally funded from the pledged revenues by way of an Irrevocable Standing Payment Order (“ISPO”) by Delta State Government (DTSG) to the Accountant-General of the Federation authorizing a monthly deduction of ₦1.10 billion from its statutory allocations during the tenor of the Series 1 Bonds repayment |
| Trustees | Afribank Trustees and Asset Management Company Limited, ALM Trustees Limited, First Trustees Limited, Skye Trustees Limited, UBA Trustees Limited and Union Trustees Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
