Nigeria considers panda bonds to help plug record budget gap

Nigeria considers panda bonds to help plug record budget gap

Nigeria may become only the second nation after South Korea to sell yuan-denominated debt in China’s domestic market as it seeks to cut borrowing costs while plugging a record record budget deficit. The West African nation may shun the Eurobond market, opting instead for renminbi or yen bonds, according to Finance Minister Kemi Adeosun. The…

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