Africa Business Radio

Nigeria has raised $4 billion through Eurobonds after an intensive two days of virtual meetings with investors across the globe.The Debt Management Office explained that the Order Book peaked at $12.2 billion, which enabled the Federal Government of Nigeria to raise $1 billion more than the $3 billion it initially announced.The DMO says bids for the Eurobonds were received from investors in Europe and America, as well as Asia. There was also good participation by local investors.The Eurobonds were issued in three tranches, details, namely seven years–,$1.25 billion at 6.125 per cent per annum; 12 years -$1.5 billion at 7.375 per cent per annum as well as 30 years -$1.25 billion at 8.25 per annum