Lagos — THE International Finance Corporation, IFC, yesterday, announced that it will float $50 million (an equivalent of N8 billion) bonds to support the Nigerian capital market.
The First Vice President and Treasurer, IFC, Mr. Jingdong Hua, who disclosed this at the bell ringing ceremony on the Nigerian Stock Exchange, NSE, as a first step towards the formal listing on February 1, said that it was the first naira denominated bond by the corporation and the first of its kind in the emerging markets.
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