The bond, part of a broader $2bn programme, is issued domestically as the government seeks $500m from local and foreign investors in this first tranche.
Eligible participants include Nigerians resident in Nigeria, those in the diaspora with foreign exchange savings abroad, and foreign institutional investors.
The FAQ read in part, “A BVN and NIN are required for subscription. Nigerians in diaspora can apply for both BVN and NIN if they don’t already have them.”
The FAQ from the DMO also clarifies that subscriptions to the Domestic FGN US Dollar Bond cannot be made by cash.
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