15.50 IMO 30-JUN-2016

Issue Amount (₦’bn)18.50
Tenor (Year)7
Issue DateJun. 30, 2009
Maturity DateJun. 30, 2016
Coupon (%)15.50
Yield at Issue (%)N/A
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencySemi-annual
Issue RatingA/Agusto
Use of ProceedsTo Finance the Rehabilitation of Water Schemes and Roads
RedemptionPar at maturity
Debt ServiceThe Irrevocable Standing Payment Order (“ISPO”) dated December 18, 2008, issued by the State’s Accountant-General to the Accountant-General of the Federation for the periodic deduction of monies from the State’s statutory allocation from the Federation Account and payment thereof into a Sinking Fund held by the Trustee by way of security for the Series 1 Bonds
TrusteesUBA Trustee Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement