Search

Nigeria’s $2.2 Billion Eurobond Sale Highlights Fiscal Challenges

Lagos, Nigeria. © Unsplash
  • 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.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Namibia Cuts Key Rate to 6.75% as Inflation Moderates
Read More »
breaking_news
Zambia's Central Bank Raises Key Rate to 14.50% to Curb Inflation
Read More »
etty-fidele-oJpkjWcScyg-unsplash
African Cocoa Farmers Push for Sustainability as EU Rules Tighten
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