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- The Minister of Finance has revealed that Nigeria will be launching a $1 billion Eurobond by the end of the year.
- This is part of the N1.8 trillion loan planned for the year and included in the 2016 Budget.
- Minister of Finance, Kemi Adeosun informed Reuters “We are appointing parties this week, we are hoping to come before the end of the year….We have headroom and we are very fortunate in that regard, we have very low debt to GDP ratio,” she later told the conference.
- Nigeria has also secured a $1 billion commitment from The African Development Bank at a rate of around 1.2 percent,
- Ghana also recently issued a Eurobond of $750 million at a yield of 9.25%.
- Ghanian Eurobond was said to be five times oversubscribed during the auction.