FSDH Merchant Bank proudly served as Financial Adviser to the Federal Republic of Nigeria through the Debt Management Office (DMO) in its successful issuance of a US$2.2 billion Eurobond. This milestone marks Nigeria’s return to the International Capital Market since March 2022.
The dual-tranche issuance, US$700 million for 6.5 years at 9.625% maturing in 2031, and US$1.5 billion for 10 years at 10.375% maturing in 2034 — achieved remarkable investor confidence, with bids exceeding $9 billion, representing over 4x subscriptions. Notably, this outcome was achieved without the customary roadshows, underscoring strong global investor confidence in the Federal Government’s ongoing economic reforms and prudent fiscal and monetary management.
This landmark transaction highlights FSDH Merchant Bank’s commitment to delivering impactful financial advisory solutions and fostering sustainable growth in Nigeria’s economic landscape.
