US embassy cable - 01ABUJA2332

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NIGERIA CLOSE TO CONCLUDING BILATERAL DEBT RESCHEDULING AGREEMENTS WITH DUTCH AND GERMANS

Identifier: 01ABUJA2332
Wikileaks: View 01ABUJA2332 at Wikileaks.org
Origin: Embassy Abuja
Created: 2001-09-18 09:24:00
Classification: UNCLASSIFIED//FOR OFFICIAL USE ONLY
Tags: ECON EFIN NI
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS ABUJA 002332 
 
SIPDIS 
 
 
SENSITIVE 
 
 
E.O. 12958: N/A 
TAGS: ECON, EFIN, NI 
SUBJECT: NIGERIA CLOSE TO CONCLUDING BILATERAL DEBT 
RESCHEDULING AGREEMENTS WITH DUTCH AND GERMANS 
 
 
REF: A. ABUJA 1375 
     B. ABUJA 1528 
     C. ABUJA 1914 
     D. ABUJA 2073 
 
 
Sensitive but Unclassified, please protect accordingly. 
 
 
In conversations September 13 and 14 with Economic Officers 
of the German and Dutch Missions in Nigeria, EconOff was 
informed that both Germany and the Netherlands have finalized 
the terms of the bilateral debt rescheduling agreements, 
which are now waiting signature.  The agreement specifics are 
not known at Post, except that the Germany-Nigeria agreement 
reportedly includes a fixed interest rate of 5.3 percent and 
a  grace period (without accrual of interest) of 30 days on 
overdue payments. 
Andrews 

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