Minister of Finance, Mrs Kemi Adeosun
The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market.
She made this known in a statement issued by Mr Oluyinka Akintunde, the Special Adviser, Media and Communications on Wednesday in Abuja.
She said the Notes comprised a 1.5 billion dollars 10-year series and a 1.5 billion dollars 30-year series.
“The 10-year series will bear interest at a rate of 6.5 per cent, while the 30-year series will bear interest at a rate of 7.625 per cent.
“By raising 1.5 billion dollars of 30-year notes, Nigeria has emulated a number of our international contemporaries, including Brazil, South Africa, Argentina and Egypt to issue long dated debt as the basis for long term infrastructure financing.
“It will also establish a benchmark for the private sector to extend the tenure of its own financing.
Nigeria raises $3b at international capital market — Adeosun
