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Tuesday, July 7, 2020

Nigerian to tap into global market for green bonds, worth $576 billion

Following the Federal Government’s aspiration to make the economy green, investors in the Nigerian capital market have lauded its effort to revive the economy with the 2017 sovereign green bonds initiative. The Sovereign Green Bonds project is part of a strategic process by the Federal...

Fitch Rates Nigeria’s $300 mln Diaspora Bonds ‘B+’

Fitch Ratings has assigned Nigeria's USD300m 5.625% senior unsecured bonds a final rating of 'B+'. The final rating is the same as the expected rating that Fitch assigned on 14 June 2017. Key Rating Drivers The final rating is in line with Nigeria's Long-Term Foreign-Currency...

Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt

By Paul Wallace and David Malingha Doya Yield was 7.1% on 12-year tranche, 7.7% for 20-year notes Finance ministry says order book in excess of $11.5 billion Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes...

Fitch Rates Nigeria’s Upcoming USD Notes ”B (EXP)”

Fitch Ratings has assigned Nigeria's upcoming senior unsecured USD-denominated notes an expected rating of 'B+(EXP)'. The assignment of the final ratings is contingent on the receipt of final documents materially conforming to information already reviewed. Key Rating Drivers The expected rating is in line with Nigeria's...

Nigeria appoints Citigroup, Standard Chartered as joint manager for $2.868bn Eurobond

Separate $82.5 million to be raised to refinance previous bond Senators want government to quickly proceed with issuance The Federal Executive Council (FEC) has approved six transaction parties to advise it on the issuance of $2.868 billion in...

Nigeria eyes $1.48 bln in sovereign bonds by Q3

LAGOS, July 5 (Naija247news) - Nigeria plans to raise between 360 billion naira and 450 billion naira ($1.18 bln-$1.48 bln) in sovereign bonds maturing between five and 20 years in the third quarter, the Debt Management Office (DMO) said on Wednesday. The debt office said...

FGN savings bond will boost Nigeria’s financial inclusion – NSE

The Federal Government of Nigeria (FGN) Savings Bond which will open for subscription exclusively on the Nigeria Stock Exchange (NSE) will boost financial inclusion says the Executive Director, Capital Market Division of NSE. The NSE key official made this remark while commenting on the...

Eurobond is part of Nigeria’s funding strategy for 2016 capital expenditure – Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, in this interview with selected journalists speaks on the prospects of the $1billion Eurobond by the federal government and more. Excerpts: Outcome of the Eurobond programme The Eurobond is part of our funding strategy for our 2016 capital expenditure...

Citi Group, Standard Chartered, Stanbic IBTC, others to handle $2.5b Eurobond

Nigeria is set to take $2.5billion Eurobond to refinance external borrowing, following yesterday’s approval by the Federal Executive Council (FEC) Minister of Finance Kemi Adeosun broke the news at a post-FEC briefing in Abuja. Others at the briefing were Minister of Information Lai Mohammed, Minister of...

Nigeria to raise 270-330 bln naira in bonds in Q4 -debt office

LAGOS, Oct 4 - Nigeria plans to raise between 270 billion naira and 330 billion naira ($857 million - $1.1 billion) in local currency-denominated bonds in the fourth quarter, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction...
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