Nigeria to Sell More Eurobonds After Concessional Borrowing
LAGOS (Capital Markets in Africa) – Nigeria considers selling more Eurobonds to help fund record-high spending plans that seek to lift the West African economy out of its worst slump in 25 years. The government raised $500 million last month and $1 billion in February in its first Eurobond sales since 2013. It also expects to receive the remaining $400 million of a $1 billion loan from the African Development Bank and is negotiating with…
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