RenCap sees Eurobond market influence in Nigeria, corporates’ 2022 funding mix
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December 10, 2021717 views0 comments
In 2021, corporates, including local financial institutions and Nigeria, made a fresh foray into the international debt capital market to shore up financing needs which saw Nigeria gain access to $4 billion from the Eurobond market. Also, the flow of transactions began in the foreign currency debt market across West Africa with $300 million 5-year Eurobond issuance for Ecobank, which was considered the lowest coupon for an outstanding Nigerian bank Eurobond at the time of issue.
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