Nigeria - Promissory Note

Promissory Note (Loan)

Note (Loan) is eligible for tendering in the country's debt conversion programme

Obligor: Central Bank of Nigeria
Guarantor: The Republic of Nigeria
Issue Size: USD 4,800,000,000
Maturity: January 5, 2010
Interest Rate: 8% fixed equivalent
Interest payment were partially capitalised to January 5, 1990.
Current payment comprise annual interest rate of 5.092% plus capitalised
interest to equal a payment of $20 per every $1,000 of notes each quarter.
Coupon Frequency: Quarterly
Coupon Dates: January 5, April 5, July 5, October 5
Day Count: Actual/Actual
Issue Date: January 5, 1988
Amortisation: None, bullet at maturity
Options: Callable on coupon date. Putable in Naira.
Currency: USD
Form of Instrument: Registered Loans
Loan Agent: Chase Manhattan Bank
Credit Rating: Not rated
Principal Collateral: None
Interest Payment Collateral: None
Months in Arrears: None

Registered Loan 

Bloomberg Ticker: NGERIA
CUSIP: RR1000159
ISIN: XS0045706180
Common Code: 004570618