Lagos Bonds, 13% 20dec2031, NGN (4) (13.00% LAB DEC 2031, NGLAB2031S44)

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Domestic bonds

Issue | Issuer

Issuer

M

*** | ***

***
S&P

*** | ***

***
F

*** | ***

***

Status

Outstanding

Amount

108,102,612,171.84 NGN

Placement

***

Redemption (put/call option)

*** (-)

ACI

Country of risk

Nigeria

Current coupon

***%

Price

Yield / Duration

Placement amount

137,328,000,000 NGN
Outstanding amount

137,328,000,000 NGN
USD equivalent

79,125,680.290083 USD
Face value

1,000 NGN
ISIN

NGLAB2031S44
CFI

DBFTFR

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Issue information

Profile

State of Lagos is a state located in the southwestern geopolitical zone of Nigeria. The smallest in area of Nigeria's 36 states, Lagos State is arguably the most economically important state of the country, containing Lagos, the nation's largest urban area. It is a major financial centre and would be the fifth largest economy in Africa, if it were a country.

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Issuer

Go to the issuer page
Lagos
Full borrower / issuer name

Lagos
Sector

Municipal

Volume

Placement amount

137,328,000,000 NGN
Outstanding amount

137,328,000,000 NGN
Outstanding face value amount

108,102,612,172 NGN
USD equivalent

79,125,680 USD

Face value

Face value

1,000 NGN
Outstanding face value

*** NGN
Increment

*** NGN

Listing

Listing

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Professional access to the data

Private investor

Individual access

Cash flow parameters

Reference rate

***

Coupon Rate

***

Day count convention

***

Business Day Convention

Modified Following Business Day

Interest Accrual Date

***

Coupon frequency

*** time(s) per year
Payment currency

***
Maturity date

***

Cash flow

Export to Excel

Early redemption terms

***

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1 000 000

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175 910

ETF & Funds

100 000

indices

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Why

You will have detailed descriptive & pricing data for 1M bonds, 100K stocks, 100K indices, 17K ETF and 150K Mutual Funds

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Placement

Placement method

Open subscription
Placement type

Public
Order book

*** - ***
Placement

*** - ***
Initial issue price (yield)

(***%)
Geographic breakdown

***
Investor breakdown

***
Use of proceeds

General Budgetary Purposes
Bridge-loan Payment
Use of proceeds description

To refinance bridge facilities and to execute priority projects.

Participants

Bookrunner

***

Conversion and exchange

Conversion terms

***

Latest issues

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Identifiers

State registration number

13.00% LAB DEC 2031
ISIN

NGLAB2031S44
Cbonds ID

1416286
CUSIP

***
CUSIP 144A

***
CFI

DBFTFR
Type of security by CBR

***

Ratings

Bond classification

Rank: Undefined
Registered
Coupon bonds
Amortization
Non-complex financial instruments (MiFID)
Callable
CDO
Convertible
Dual currency bonds
Variable rate
For qualified investors (CIS region)
Foreign bonds
Green bonds
Guaranteed
Inflation-linked principal
Supranational bond issues
Inflation-linked coupon
Mortgage bonds
Perpetual
Payment-in-kind
Non-Marketable Securities
Redemption Linked
Restructuring
Retail bonds
Covered
Securitization
Structured product
Commercial Bonds
Subordinated
Sukuk
Trace-eligible

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Restructuring

***