Nigerian companies are now taking advantage of the window opened through the successful issuance of Nigerian Sovereign Eurobonds, to raise long term funds, having issued a total of nine bonds to raise
The Director General of the Debt Management Office, DMO, Dr.
According to him, "for the first time in
"The successful issuances of three Nigerian Sovereign Eurobonds in the International Capital Market B one in 2011 and two in 2013 have opened the window for
Dr. Nwankwo added: "They are now able to fund long term real sector projects (agriculture, manufacturing, housing, mineral exploration and processing, infrastructure, among others), for diversified and sustainable economic growth, towards employment generation and poverty reduction."
On the domestic front, "between 2007 and 2013, as many as 22 Nigerian companies raised over N223 billion from the domestic market," he said.
The DG noted that the success recorded was part of the Transformation Agenda of President
He explained: "Positive change is taking place in various facets of the economy, the Domestic Bond Market has been meticulously developed with appropriate products and institutional frameworks so that long term debt capital (bonds) with tenor of up to 20 years can now be easily sourced in
Dr. Nwankwo solicited the collaboration of all stakeholders to "sustain the momentum and make maximum use of the opportunities as patriotic responsibility demands the commitment of all in continuation of the positive transformation that is taking place."
The DMO boss also urged both public and private organisations that have raised funds from the domestic and international capital markets to utilise the proceed in order to sustain the trend.
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