Nigeria Sells $2.35bn Eurobond to Fund Fiscal Deficit, Attracts Global Investors

The Nigerian government has successfully concluded a $2.35 billion Eurobond issuance to fund its fiscal deficit, amidst threats of sanctions from US President Donald Trump. The issuance, split into two tranches, received strong investor interest from various regions, including the UK, North America, Europe, Asia, and the Middle East.

President Bola Tinubu welcomed the outcome, highlighting investor confidence in Nigeria's reform agenda and the country's access to international capital markets. The bonds are set to support Nigeria's growth agenda and long-term funding needs.