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Nigeria Launches $500 Million Dollar Bond to Tap Diaspora Funds

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© Allen Dreyfus
  • First tranche of a $2 billion bond programme targets foreign currency holdings of Nigerians at home and abroad
  • Funds to support government finances and infrastructure projects

Abuja, Nigeria – Nigeria has issued $500 million of dollar-denominated bonds this morning, marking the first tranche of a $2 billion bond programme aimed at mobilising foreign currency funds held by citizens both domestically and internationally to bolster government finances and fund infrastructure projects.

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