Search

Nigeria’s First Local Dollar Bond Sale Oversubscribed as Investors Stake $900 Million

Nigeria's First Local Dollar Bond Sale
  • Nigeria’s inaugural domestic foreign currency bond attracts $900 million in subscriptions for a $500 million offer
  • The bond sale aims to mobilise foreign-currency funds from Nigerians at home and abroad 

 Abuja, Nigeria – Nigeria’s first-ever issuance of local foreign currency-denominated bonds was met with robust demand, as investors placed $900 million in bids for the $500 million offer, Finance Minister Wale Edun said.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights