Financial Adviser at Debt Management Office

Debt Management Office

Nigeria

Request for Proposal for A Financial Adviser on Nigeria’s

Sovereign Bond Issuance in the International Capital Market

1. The Federal Government of Nigeria (FGN) has recently approved the issuance of a 10-year USD500 million Sovereign Bond in the International Capital Market (ICM).

1. The Debt Management Office (DMO), on behalf of the FGN, seeks to appoint Financial Advisers to provide advisory services for this purpose. The DMO, therefore, is seeking for formal proposals from Financial Advisers with reputable international capital market expertise in the ICM.

1. The DMO expects the proposal to be submitted on or before 18^th June, 2010, detailing the Respondent’s recommendations for the floatation of the USD500 million 10-year Bond, taking into consideration the peculiarities of the issue and the context of what should be the country’s strategic direction in the international arena.

1. The proposal should address the following areas of particular importance for Nigeria:

• Specific considerations for Nigeria in accessing the ICM, which include establishing a sovereign benchmark in the international capital market, attracting foreign direct investments, and, promoting Nigeria as a strong emerging economy in the international market;
• Potential synergies with the development of domestic capital market; and,
• Potential impact on Nigeria’s public debt profile and on private sector borrowing from the ICM.

1. The proposal should also include all relevant timelines, costing and other considerations linked to the efficient execution of the Bond issuance such as:

• Format (Reg. S, I44A):
• Underwriting and Market making;
• Sovereign Rating/or rating of the Bond;
• All -in transaction costs; and,
• Legal considerations.

1. The Financial Adviser will, among other activities:

• Prepare and publish the Request For Proposal (RFP) for
• Book Runners; and,
• Prepare the framework and guidelines for the assessment and selection of the Book Runners.

1. The Financial Adviser would be required to work with one or more Nigerian Financial Advisers to take advantage of local knowledge and experience, and in furtherance of the government’s goal of developing skills amongst local market operators.

1. Please note that the successful Financial Adviser will be precluded from applying for the role of Book Runner when the role of Book Runner is advertised at a future date.

1. Proposals should be sent by courier and/or email to:

The Director-General Debt Management Office

The Presidency

NDIC Building (1^st Floor)

Plot 447/448 Constitution Avenue

Central Business District

P.M.B 532,

Garki-Abuja,

Nigeria.

Email: anwankwo@dmo.gov.ng

Email: sovereignbondicm@dmo.gov.ng

Signed

Debt Management Office

Website: www.dmo.gov.ng

Share on Facebook