Investors flock to Nigeria Eurobonds, avoid the Naira

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Investors flock to Nigeria Eurobonds, avoid the Naira
*Yield on bond offering tightened to 7.5% from 7.8% guidance *Orders for six times offering of $500 million in notes 31 March 2017, Sweetcrude, Lagos — Nigeria’s oversubscribed Eurobond on Wednesday showed that investors will flock to the country’s dollar assets. But when it comes to naira ones, they’re staying well away. Nigeria got around […] More »
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