Nigeria’s Eurobond captured global attention today as investors rushed in despite Trump’s threatening remarks.
The government had aimed to raise $2.25 billion, yet bids poured in at $9.1 billion, signalling strong investor confidence.
Nigeria’s Eurobond Steals The Spotlight
The offering split into 10-year and 20-year tranches to diversify funding and attract foreign capital.
The 10-year tranche drew $4.9 billion for $700 million offered, while the 20-year tranche attracted $4.2 billion for $1.5 billion, showing remarkable oversubscription.
Read Also; Nigeria Secures $2.25B Eurobond To Fund 2025 Deficit
Confidence Amid Tensions
Earlier, market jitters followed Trump’s threat, causing selloffs on Monday and Tuesday; however, investor demand surged today.
Analysts had feared geopolitical tensions might weaken appetite, yet fund managers embraced Nigerian sovereign bonds enthusiastically.
Portfolio manager at Cowrywise, AbdulRauf Bello, said ongoing reforms and 9–10% yields motivated investors to act decisively.
The 10-year notes now yield 8.75%, and the 20-year bonds yield 9.25%, maturing in 2036 and 2046.
Ultimately, investors’ confidence highlighted Nigeria’s resilience despite political tensions and global market uncertainty.
