Nigeria invites adviser bids for first Eurobond sale by July 13
The Debt Management Office has invited banks and advisory firms to submit expressions of interest by July 13 to advise on a potential Eurobond issuance, Nigeria’s first since its November 2025 dual‑tranche sale that attracted over five times the amount offered. The DMO said it seeks transaction advisers to guide the Federal Government on the international capital market transaction, with proposals due next week. Bloomberg reported the agency did not disclose details of the planned bond size or tenor.
The move signals Nigeria’s return to external borrowing after the successful November 2025 Eurobond, which raised $2.35 billion in 10‑ and 20‑year dollar notes. The government says the new issuance would diversify funding sources, help refinance existing obligations and support budget financing while bolstering foreign reserves. An improved sovereign credit outlook—highlighted by S&P’s recent one‑notch upgrade to ‘B’—may strengthen investor appetite and lower borrowing costs.
What should you know or do? The Eurobond proceeds could affect Nigeria’s foreign‑exchange liquidity and interest‑rate environment, potentially influencing import costs, inflation and government spending. Stakeholders should watch the DMO’s final announcement on bond size and timing, and consider how changes in external financing might affect personal or business financial planning, especially for those with foreign‑currency exposure.