- 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 …