- 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.
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