Cleary Gottlieb acted as U.S. and English law counsel to Citigroup Global Markets Limited and Deutsche Bank AG, London Branch in their capacity as joint lead managers in the Federal Republic of Nigeria’s second Eurobond offering. The offering of $500 million 5.125% Notes due 2018 and $500 million 6.375% Notes due 2023 closed on July 12. The offering was the Republic’s second issuance in the Eurobond markets, following a successful issuance with the same joint lead managers and counsel in January 2011. Proceeds of the offering will be used to fund various projects in the Nigerian power sector, elements of which are currently being privatized. The offering was made on a Rule 144A / Regulation S basis and the Notes were admitted to trading on the Regulated Market of the London Stock Exchange.