The Debt Management Office (DMO) has announced that Nigeria’s 6.75% USD500M JAN 2021 Eurobond which matures on January 28, 2021 will be redeemed. For this purpose, funds have been made available by the Federal Government of Nigeria to the Fiscal Agent to repay the principal sum of USD500 million and final Interest payment due on the Eurobond.

By this development, Nigeria continues to demonstrate in practical terms, its commitment towards honouring all its debt service obligations as and when due.

According to the information, funds have been made available by the Federal Government to the Fiscal Agent to repay the principal sum of $500 million and the final interest payment due on the Eurobond.