Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigerian Eurobonds record marginal price decline

17 December 2013, 15:03

Abuja - Nigeria‘s three Eurobonds have recorded a marginal price decline in the international market in the first week of December.

This information is contained in the Debt Management Office weekly release on the trading of Nigerian Eurobond published on its website in Abuja.

The federal government had issued three different bonds trading at the international capital market.

The bonds included; $500 million issued on January 28, 2011, which would mature on January 28, 2021, another $500 million issued on July 12, 2013, to mature by July 12, 2018 and another $500 million issued on July 12, 2013 to mature by July 12, 2023.

“The prices of Nigeria’s three Eurobonds recorded marginal declines during the week when compared to their closing prices in the previous week on November 29, 2013.

“The 5.125 percent July 2018 bond declined by $0.39 representing 0.38 percent from $102.31 to $101.92 in December 6, 2013.

“The 6.7 percent January 2021 bond, declined by $0.10, representing 0.09 percent from $107.66 to $107.56.

“The 6.375 percent July 2023 bond declined by $0.49, representing 0.48 percent from $103.22 to $102.73 within the same period,’’ it said.

The report said the movements in Bond Prices were reflected in the J.P Morgan’s Global Bond Index; Global (GBI Global) and Emerging Market Bond Index (EMBI) which declined by 0.51 and 0.41 percent, respectively.

-  NAN


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...