Issue Amount (₦’bn) | 30.00 |
Tenor (Year) | 7 |
Issue Date | Dec. 12, 2012 |
Maturity Date | Dec. 12, 2019 |
Coupon (%) | 14.75 |
Yield at Issue (%) | N/A |
Issue Price (₦) | At par |
Currency | Nigerian Naira |
Coupon Frequency | Quarterly |
Issue Rating | BBB-/Agusto; BBB+/GCR |
ISIN | NGOSB2019S13 |
Use of Proceeds | Road and Commercial Infrastructure, Urban Renewal, Water Works and Loan Refinancing |
Redemption | Par at maturity |
Debt Service | Deductions 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 |
Trustees | Skye Trustees Limited |
Tax Consideration | Exempted from Nigerian Tax |
Offer Document | Pricing Supplement |