Determined to take advantage of the Eurobonds low yield an average 6 per cent, the Federal Government is planning to raise as much as $5.5 billion in the next three months. That will more than double its outstanding dollar bonds to about $9 billion, which is less than a third of the nation’s foreign currency reserves, according to data compiled by Bloomberg. Nigerian bond yield is at an average of 16 per cent. The need to source for cheap funds to finance government’s programmes, according analysts, become necessary as the...
The post Nigeria’s Dollar bond to hit $9bn year end appeared first on New Telegraph Online.
Source: New Telegraph
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