Nigerian Eurobond
Definition
What is Nigerian Eurobond?
A foreign-currency bondA bond denominated in a currency different from the investor's or issuer's domestic currency. issued internationally by the Federal Government of Nigeria.
Example in practice
How This Looks in Practice
The dollar-denominated Nigerian EurobondA bond issued in a currency different from the currency of the country or market where it is issued; in African markets the term often refers to foreign-currency sovereign debt sold internationally. trades in the international market.
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Related Terms
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.