Nigeria: US bond, Chinese loan
Issue 259
- 26 Jul 2013
| 1 minute read
Nigeria has sold a $1bn US dollar bond on the international market, finance minister Ngozi Okonjo-Iweala announced on 3 July. It is the country’s first move into the international capital market since selling a €500m Eurobond in 2011. The US dollar bond offered in two categories, a $500m five-year bond at 5.375% interest rate and a $500m ten-year bond at 6.625%, was four times oversubscribed.
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