Osinbajo seeks approval for N500m Eurobond to fund 2016 budget deficit

He said, “Following the high over-subscription of $1bn Eurobond issuance, we wish to take advantage of favourable market conditions to issue a Eurobond debt instrument of $500m. This will fund the implementation of the 2016 budget, which is ongoing. Given that the implementation of the 2016 budget is still ongoing, we plan to issue the Eurobond between February and March 2017, subject to market conditions. More »