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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.

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