Godswill Michael
Nigeria’s 2027 Eurobond strengthened on September 29, closing at $100.645 with a yield of 6.171%, according to figures released by the Debt Management Office (DMO).
The movement marks an increase above its issue yield of 6.500%, signaling improved investor appetite for Nigeria’s medium-term debt instruments.
The Eurobond, originally valued at US$1.5 billion, is one of the country’s key dollar-denominated securities in the international debt market.
Other maturities reflected mixed performances. The 2025 Eurobond closed at $100.254 with a yield of 5.626%, while the 2028 paper settled at $98.704, yielding 6.609%.
On the longer end, the 2031 bond rose to $108.607 with yields softening to 7.722%, while the 2047 note slid to $86.761, pushing its yield higher to 9.014%.
The DMO said the figures were sourced from Bloomberg, the global financial data provider, underscoring the benchmark role of Eurobonds in tracking investor confidence in Nigeria’s creditworthiness.
Eurobonds are a critical part of Nigeria’s external financing strategy, helping the government raise funds for infrastructure and fiscal support.
The price movement of the 2027 note, closing above par, reflects a relative vote of confidence in the short to medium-term outlook for Africa’s largest economy, even as longer-dated bonds continue to face yield pressures above 9%.
The data provides a snapshot of how international investors are positioning around Nigeria’s debt instruments, balancing optimism on near-term obligations with caution over longer maturities.
