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Nigeria Hires Citi, StanChart, Stanbic for $2.5 Billion Eurobond
LAGOS (Capital Markets in Africa) – Nigeria hired Citigroup Inc., Standard Chartered Plc and Stanbic IBTC Holdings Plc to help it sell $2.5 billion of Eurobonds, possibly in the first quarter. “The minister confirmed this at the Federal Executive Council briefing on Wednesday,” Oluyinka Akintunde, media adviser for Finance Minister Kemi Adeosun, said by text message on Thursday. The government rehired the group of lenders who managed its Eurobond sales late last year. Proceeds from the issuance will be used to refinance…
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