Nigeria today launched its planned Eurobond issue in New York, United States of America .
Recall that Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said the country would hold roadshows for the dollar-denominated issuance, which aims to raise roughly $3 billion, in Lagos and New York.
The government is also targeting raising the same amount via multilateral and bilateral borrowing to fund its 2021 budget deficit.
In attendance at the show is Central Bank of Nigeria Governor, Mr Godwin Emefiele, Director General, Debt management office, Patience Oniha, DG Budget Office, Ben Akabueze and a host of other government officials.
Eurobonds are debt instruments aimed at raising funds externally. It is expressed in terms of US dollars or other currencies.