Nigerias debut foreign-currency domestic bond saw a subscription of $900 million, exceeding the initial offer size of $500 million.
Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, commented on yesterdays outcome of the historical sovereign bond. He emphasised that the oversubscription of $500 million showcased ongoing investor confidence in Nigerias economic stability and growth.
The debut domestic FGN US Dollar Bond issuance demonstrates the continued faith that investors and Nigerians have in the countrys economy.
He pointed out that the successful issuance underscored the governments dedication to diversifying its funding sources and enhancing economic growth despite prevailing economic hurdles.
He noted that the landmark bond issuance attracted a diverse range of investors, including Nigerian residents, non-Nigerians living in the country, Nigerians living abroad, and qualified institutional investors.
