- High investor demand reflects confidence, but borrowing costs raise concerns
- Tinubu administration’s first Eurobond issuance underscores debt sustainability questions
Abuja, Nigeria – Nigeria has ended a more than two-year hiatus from the Eurobond market with the successful issuance of $2.2 billion in notes this week. The offering included 6.5-year bonds yielding 9.6% and 10-year bonds at 10.3%, marking the Tinubu administration’s debut in international capital markets.
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