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Presidency Tells Nigerians to Buy into $300m Diaspora Bond

Presidency Tells Nigerians to Buy into $300m Diaspora Bond
  • PublishedJune 13, 2017

Senior Special Assistant to the President on Foreign Affairs and Diaspora Abike Dabiri-Erewa has charged Nigerians to take advantage of the first ever 300 million Dollars Diaspora bond. This is following the Debt Management Office (DMO)’s announcement of the commencement of a global offering of Nigeria’s first Diaspora Bond. Recall the DMO had also said that application would be made for the bonds to be admitted to the official list of the UK Listing Authority and the London Stock Exchange Plc.

Mrs Dabiri-Erewa stated that the DMO also filed a registration statement for the bonds with the US Securities and Exchange Commission.

“The bonds will be direct general obligations of Nigeria and will be denominated in US Dollars…The international Joint Lead Managers are Bank of America Merrill Lynch and The Standard Bank of South Africa Limited.

“The Nigerian Joint Lead Managers are First Bank of Nigeria Limited and United Bank for Africa Plc,’’ the Debt Management Office stated.

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