Nigeria to List First Domestic Dollar Bonds on Over-the-Counter Markets

• Nigeria’s inaugural $500 million local dollar bond, oversubscribed by 180%, will be listed on over-the-counter markets for enhanced investor access
• The five-year bonds, with a 9.75% coupon rate, aim to attract diaspora and local foreign currency holders

Lagos, Nigeria – Nigeria will list its first domestic dollar bonds on the over-the-counter markets, facilitating easier entry and exit for investors, according to the country’s Debt Management Office (DMO).