Bond rally, falling yields send Nigeria borrowing costs to 2-year low

by | March 5, 2013 11:49 am

 The recent rally in bonds, which has seen yields falling, has sent Nigerian borrowing costs to two- year lows, helping to ease financing costs for the nation’s growing debt pile. Nigeria’s Federal Government (FG) has plans to issue approximately N534 billion worth of new bonds in 2013 (excluding rollovers to refinance maturing issues) compared with…

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