Nigeria - Promissory Note
Article Index
Promissory Note (Loan)
Note (Loan) is eligible for tendering in the country's debt conversion programme
| Obligor: | Central Bank of Nigeria |
| Guarantor: | The Republic of Nigeria |
| Issue Size: | USD 4,800,000,000 |
| Maturity: | January 5, 2010 |
| Interest Rate: | 8% fixed equivalent Interest payment were partially capitalised to January 5, 1990. Current payment comprise annual interest rate of 5.092% plus capitalised interest to equal a payment of $20 per every $1,000 of notes each quarter. |
| Coupon Frequency: | Quarterly |
| Coupon Dates: | January 5, April 5, July 5, October 5 |
| Day Count: | Actual/Actual |
| Issue Date: | January 5, 1988 |
| Amortisation: | None, bullet at maturity |
| Options: | Callable on coupon date. Putable in Naira. |
| Currency: | USD |
| Form of Instrument: | Registered Loans |
| Loan Agent: | Chase Manhattan Bank |
| Credit Rating: | Not rated |
| Principal Collateral: | None |
| Interest Payment Collateral: | None |
| Months in Arrears: | None |
Registered Loan
| Bloomberg Ticker: | NGERIA |
| CUSIP: | RR1000159 |
| ISIN: | XS0045706180 |
| Common Code: | 004570618 |