| Issue Amount (₦’bn) | 5.00 |
| Tenor (Year) | 7 |
| Issue Date | Jan. 6, 2014 |
| Maturity Date | Jan. 6, 2021 |
| Coupon (%) | 15.00 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual |
| Issue Rating | A-/GCR |
| ISIN | NGNAB2021S10 |
| Use of Proceeds | Education and Market Development Project |
| Redemption | Par at maturity |
| Debt Service | The Source of repayment of the obligations of the State in relation to the Bonds is by way of an Irrevocable Standing Payment Order (“ISPO”) issued by the Office of the Accountant-General of the Federation in favour of the Trustees, as a first line charge upon and payable out of the statutory allocation of the State from the Federal Account Allocation Committee (FAAC). Equal deductions of ₦101.64 million shall be made from the State’s statutory allocation and transferred to the Series 1 Sinking Fund Account held by the Trustees for a period of 84 months with effect from December 2013 |
| Trustees | Stanbic IBTC Trustees Limited and Mainstreet Bank Trustees and Asset Management Company Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
