14.75 OSUN 12-DEC-2019

Issue Amount (₦’bn)30.00
Tenor (Year)7
Issue DateDec. 12, 2012
Maturity DateDec. 12, 2019
Coupon (%)14.75
Yield at Issue (%)N/A
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencyQuarterly
Issue RatingBBB-/Agusto; BBB+/GCR
Use of ProceedsRoad and Commercial Infrastructure, Urban Renewal, Water Works and Loan Refinancing
RedemptionPar at maturity
Debt ServiceDeductions from the State’s statutory allocation shall be made in an amount equal to the principal and interest if any, including all other monies (if any) due and payable by the issuer in respect of the bonds into a sinking fund held by the trustee as set out in the supplemental Trust Deed created for each tranche of Bonds to be issued under the programme
TrusteesSkye Trustees Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement