Nigeria returns to raise USD benchmark with multi-tranche offering
15 Nov 2018Tranche A: USD1,118,352,000, coupon 7.625%, due 21 November 2025. Reoffer 100.00, spread UST 3.00% October 2025+459.8bp.
Tranche B: USD1bn, coupon 8.747%, due 21 January 2031. Reoffer 100.00, spread UST 3.125% November 2028+562.9bp.
Tranche C: USD750m, coupon 9.248%, due 21 January 2049. Reoffer 100.00, spread UST 3.375% November 2048+589.1bp.
Common terms: Total size: USD2,868,352,000. 144
