Nigeria - Par Bond - Terms
Article Index
Page 2 of 3
| 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 |