By Christine Van Dusen
Atlanta, March 29 – Nigeria priced a $500 million tap of its 7 7/8% notes due in February 2032 to yield 7½%, a market source said.
The notes were talked at 7.6% to 7.7%.
Citigroup and Standard Chartered were the bookrunners for the Rule 144A and Regulation S deal.
The original $1 billion issue price on Feb. 9 at par.
| Issuer: | Nigeria
|
| Amount: | $500 million
|
| Maturity: | February 2032
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Standard Chartered
|
| Coupon: | 7 7/8%
|
| Yield: | 7½%
|
| Trade date: | March 29
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 7.6% to 7.7%
|
| Original issue: | $1 billion priced at par on Feb. 9
|
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