- Presco’s 100 billion naira bond offers yields up to 23.75%.
- Move signals recovery in Nigeria’s corporate bond market after a slump.
Abuja, Nigeria – Presco Nigeria Plc’s 100 billion naira bond offer is set to close today, with yields expected to settle between 23.25% and 23.75%, reflecting the prevailing high-interest-rate environment. The seven-year debt sale marks the first tranche of a 150 billion naira bond program aimed at funding the acquisition of the Ghana Oil Palm Development Company (GOPDC) and supporting business expansion.
You need an active subscription to continue reading this article.
