| Series | 1 |
|---|---|
| Issue Amount (₦’bn) | 18.50 |
| Tenor (Year) | 7 |
| Issue Date | Jun. 30, 2009 |
| Maturity Date | Jun. 30, 2016 |
| Coupon (%) | 15.50 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual |
| Issue Rating | A/Agusto |
| Use of Proceeds | To Finance the Rehabilitation of Water Schemes and Roads |
| Redemption | Par at maturity |
| Debt Service | The 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 |
| Trustees | UBA Trustee Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
