After Successfully Repaying debt to China, IMF, Others, Nigeria Moves to Borrow From Another Source [Video]

• Nigeria plans to issue bonds denominated in dollars in order to raise up to $2 billion from local investors
• The domestic dollar bond has a $2 billion program size, United Capital Plc said in an email
• The series one bond commences on Monday and is expected to be effective for five years

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Nigeria intends to raise up to $2 billion from local investors by issuing dollars-denominated bonds, as reported by principal arranger United Capital Plc.

The investment bank stated in an email that the domestic dollar bond has a program size of $2 billion, with series one launching on Monday at a size of $500 million. Bloomberg reported that …