Friday, January 15News That Matters

Tag: Eurobond

Nigeria: Nigeria Owes Eurobond, World Monetary institution, Others U.S.$31.985 Billion

Nigeria: Nigeria Owes Eurobond, World Monetary institution, Others U.S.$31.985 Billion

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As a minimum 67 per cent of the $31.985 billion (N12.193 trillion) eminent exterior debt of Nigeria is for loans taken as Eurobond, a commercial loan, and from the Global Pattern Association (IDA) as of September 2020. Per info released by the Debt Administration Place of job (DMO) as of late for September 2020, loans from these two sources accounted for $21.201bn (N8.082tr) of the $31.985bn exterior debt. Nigeria has an eminent $10.868bn (N4.413tr) to pay for the Eurobond issued at commercial price, whereas the nation will repay $10.332m (N3.939tr) for the IDA loan, the breakdown showed. Eurobond is issued by the European Central Monetary institution (ECB) for the European Union and the European member international locations on the worldwide markets to generate funds. Nonetheless, the...