Nigeria returned to the Eurobonds market with a total subscription in excess of $9 billion, according to the Debt Management Office (DMO), against a $2.2 billion allotment.
The 6.5-year Eurobond paper was priced at 9.625%, while the 10-year settled at 10.375%. In a statement, DMO said the country attracted a wide range of investors from multiple jurisdictions.
Investors who participated in the Eurobonds offering include the United Kingdom, North America, Europe, Asia, the Middle East, and participation from Nigerian investors, the official statement revealed.