Nigeria: IFC to Boost Nigeria's Bonds Market With U.S.$50 Million Issue

24 January 2013

The rising profile of the Nigerian capital markets got more boost yesterday as International Finance Corporation (IFC) declared its intention to float a five-year $50million (N7.788 billion) bonds.

Speaking on the floor of the Nigerian Stock Exchange (NSE) in Lagos, Vice-President and Treasurer of IFC, Mr. Jingdong Hua, said the bonds, which is the first by a non-resident issuer in Nigeria's domestic market, has been tagged Naija Bonds to represent the spirit of Nigerian people who are hardworking, confident and optimistic of the future.

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