- Nigeria’s $500 million bond auction offers a 9.75% coupon rate, equalling Kenya’s highest rate for 2024
- The bond sale is the first part of a $2 billion programme aimed at attracting diaspora and local foreign currency funds
Abuja, Nigeria – The coupon rate of 9.75% offered on Nigeria’s $500 million bond auction on August 19 is joint tops with Kenya’s February $1.5 billion Eurobond sale as the highest offered on foreign currency debts sold by African countries so far in 2024.
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