| Issue Amount (₦’bn) | 5.00 |
| Tenor (Year) | 7 |
| Issue Date | Dec. 31, 2013 |
| Maturity Date | Dec. 31, 2020 |
| Coupon (%) | 14.50 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual |
| Issue Rating | Under Review/Agusto |
| ISIN | NGEKI2020S21 |
| Use of Proceeds | Bridge and Road Construction |
| Redemption | Par at maturity |
| Debt Service | The Bond will also be fully backed by an Irrevocable Standing Payment Order (“ISPO”) issued by the State to the Accountant-General of the Federation. The ISPO authorises direct deductions from the State’s monthly Federation Allocation sums required to service the Bond |
| Trustees | Skye Trustees Limited, ALM Consulting Limited and First Trustees Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | N/A |
