| Issue Amount (₦’bn) | 20.00 |
| Tenor (Year) | 7 |
| Issue Date | Oct. 2, 2012 |
| Maturity Date | Oct. 2, 2019 |
| Coupon (%) | 15.50 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual |
| Issue Rating | BBB+/Agusto; A-/GCR |
| ISIN | NGGMB2019S19 |
| Use of Proceeds | New Utilisation and Loan Refinancing |
| Redemption | Par at maturity |
| Debt Service | A Sinking Fund will be created in accordance with the provisions of the Enabling Law and the Investment and Securities Act (“ISA”). The Sinking Fund shall be principally funded from the pledged revenues by way of an Irrevocable Standing Payment Order (“ISPO”) from Gombe State to the Accountant-General of the Federation authorizing a monthly deduction of ₦381.15 million from its statutory allocations during the tenor of the Series 1 Bonds |
| Trustees | ARM Trustees Limited, UBA Trustee Limited and ALM Consulting Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
