Source - RNS
RNS Number : 4580I
Merrill Lynch Intl (DTG) Syndicate
19 June 2017
 

19th June 2017

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

The Federal Republic of Nigeria

Pre-stabilisation Period Announcement

 

Merrill Lynch International (contact: Joe Smith-Morgan ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

 

The securities:

 

Issuer:

The Federal Republic of Nigeria

Guarantor (if any):

n/a

Aggregate nominal amount:

$300mn

Description:

5yr Direct, general, unconditional, unsubordinated external indebtedness

Offer price:

IPTs @ 5.750%

Other offer terms:

n/a

Stabilisation:

 

Stabilisation Manager(s):

Merrill Lynch, Pierce, Fenner & Smith Incorporated

The Standard Bank of South Africa Limited

First Bank of Nigeria Limited

United Bank for Africa Plc

Stabilisation period expected to start on:

19th June 2017

Stabilisation period expected to end no later than:

19th July 2017 (30 days after the commencement of the stabilisation period)

Existence, maximum size and conditions of use of over-allotment facility:

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law.

Stabilisation trading venue:

Over the counter (OTC)

 


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