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Issuer developmentsNigeriaDeveloping story

World Bank: Nigeria faces $6.4bn of Eurobond principal maturing 2024–2030

On 7–8 October 2026 the World Bank’s October 2026 Africa Economic Update flagged US$6.4 billion of Nigerian sovereign Eurobond principal scheduled to mature between 2024 and 2030, concentrating refinancing risk in the medium- to long-dated external curve after buybacks and liability-management operations through August 2026.

MSA Market DeskEvent 7 October 2026Reviewed 1 min read

The desk brief

On 7–8 October 2026 the World Bank’s October 2026 Africa Economic Update flagged US$6.4 billion of Nigerian sovereign Eurobond principal scheduled to mature between 2024 and 2030, concentrating refinancing risk in the medium- to long-dated external curve after buybacks and liability-management operations through August 2026.

The World Bank warns refinancing risk transmits via higher rollover premia, greater FX reserve demand and sensitivity to oil-receipt volatility. If Nigeria refinances maturing USD bonds, it may face materially higher coupon costs given 2024 issuance yields near 9.6–10.4%, compressing fiscal space and raising external debt service burdens even if immediate principal runs are postponed.

Monitor Nigeria’s official pre-funding plans, announced liability-management operations, and FX reserve changes ahead of 2027–2029 maturity peaks.

Sources & verification

Developing story

Further independent confirmation is required.

Public references supporting this brief.

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Price Discovery

Nigeria sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

15 priced bonds
9.18%8.18%7.18%6.18%5.18%20272033203920452051Nigeria 27 · Nov 2027 · 5.712%Nigeria 28 · Sept 2028 · 6.192%Nigeria 29 · Mar 2029 · 6.493%Nigeria 30 · Feb 2030 · 6.839%Nigeria 31 Jan · Jan 2031 · 7.177%Nigeria 31 Jun · Jun 2031 · 7.137%Nigeria 32 · Feb 2032 · 7.351%Nigeria 33 · Sept 2033 · 7.752%Nigeria 34 · Dec 2034 · 7.859%Nigeria 36 · Jan 2036 · 7.987%Nigeria 38 · Feb 2038 · 7.982%Nigeria 46 · Jan 2046 · 8.617%Nigeria 47 · Nov 2047 · 8.456%Nigeria 49 · Jan 2049 · 8.598%Nigeria 51 · Sept 2051 · 8.655%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Nigeria 27Nov 2027100.8135.712%
  • Nigeria 28Sept 202899.8756.192%
  • Nigeria 29Mar 2029104.1256.493%
  • Nigeria 30Feb 2030100.8756.839%
  • Nigeria 31 JanJan 2031105.6257.177%
  • Nigeria 31 JunJun 2031109.6257.137%
  • Nigeria 32Feb 2032102.2507.351%
  • Nigeria 33Sept 203398.0007.752%
  • Nigeria 34Dec 2034114.8757.859%
  • Nigeria 36Jan 2036104.1257.987%
  • Nigeria 38Feb 203897.8757.982%
  • Nigeria 46Jan 2046104.7508.617%
  • Nigeria 47Nov 204791.8758.456%
  • Nigeria 49Jan 2049106.3758.598%
  • Nigeria 51Sept 205195.8758.655%

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