Stanbic ibtc citi bank others handle 2 5bn eurobond

You're referring to the recent Eurobond issuance by the Nigerian government!

Yes, you're correct. The Nigerian government issued a $2.5 billion Eurobond in October 2020, with Stanbic IBTC, Citi, and other banks acting as joint lead managers for the issuance.

Here are some key details about the issuance:

• The Eurobond was a 12-year bond with a coupon rate of 7.5% per annum.
• The bond was issued in three tranches: $1.25 billion with a 7-year tenor, $750 million with a 10-year tenor, and $500 million with a 12-year tenor.
• The bond was priced at a spread of 340 basis points over the U.S. Treasury bond with a similar tenor.
• The proceeds from the issuance will be used to finance the government's budget deficit and refinance existing debt.

The joint lead managers for the issuance were:

• Stanbic IBTC
• Citi
• Deutsche Bank
• J.P. Morgan
• Standard Chartered
• UBS

The bond was listed on the Irish Stock Exchange and the London Stock Exchange.

It's worth noting that this was Nigeria's first Eurobond issuance in over two years, and it marked a significant milestone in the country's efforts to diversify its funding sources and reduce its reliance on domestic borrowing.