Nigeria - Par Bond
Par Bond
Par Bond issued under the Brady Plan debt restructuring agreement with detachable value recovery rights indexed to the price of oil. Bonds usually trade ex-warrant. Eligible for tendering in debt-equity swap programme.
| Obligor: |
Central Bank of Nigeria |
| Guarantor: |
None |
| Issue Size: |
USD 2,050,961,000 |
| Maturity: |
November 15, 2020 |
| Interest Rate: |
5 1/2% fixed to January 1995; 6 1/4% Fixed thereafter |
| Coupon Frequency: |
Semi-annual |
| Coupon Dates: |
May 15 & November 15 |
| Day Count: |
30/360 |
| Issue Date: |
January 21, 1992 |
| Amortisation: |
None, bullet at maturity |
| Options: |
Callable at par with accrued interest if no default. |
| Currency: |
USD |
| Form of Instrument: |
Bearer Securities |
| Denominations: |
$250,000 and integral multiples of $1,000 |
| Credit Rating: |
Not rated |
| Principal Collateral: |
30-year zero-coupon US Treasury bonds held abroad |
| Interest Payment Collateral: |
12-month rolling interest payment collateral guarantee |
| |
|
Bearer Bond
| Listing: |
Luxembourg |
| Paying Agent: |
Chase |
| Bloomberg Ticker: |
NGERIA |
| CUSIP: |
TX3099592 |
| ISIN: |
XS0035901510 |
| Common Code: |
003590151 |
