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$1b Euro Bond: FG Okays Transaction Managers

By Modupe Gbadeyanka

The Federal Government has approved the appointment of the transaction parties for $1 billion euro bond issue.

Minister of Finance, Mrs Kemi Adeosun, made this known when she addressed newsmen on Wednesday at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa in Abuja.

She explained to journalists that the bond would serve as financial base for the implementation of 2016 budget.

While addressing newsmen alongside Minister of Environment, Mrs Amina Mohammed and that of Information and Culture, Mr Lai Mohammed, Mrs Adeosun noted that the participating parties include Citi Group, Standard Chartered Bank, Standard IBTC holding plc, White and Case, Banwo & Ighodalo and Africa practice communications advisers.

“My memo which is approved by council was for the appointment of the transaction parties for the $1 billion euro bond issue.

“The bank transaction parties are Citi Group, Standard Chartered Bank, Stanbic IBTC, White and Case, Banwo & Ighodalo and Africa Practice Communications advisers.

“The one billion euro bond programme is part of the funding of the 2016 budget and we hope to be able to commence that process in January,” she said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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