Nigeria’s $1bn Eurobond oversubscribed by $7.8bn

by | February 10, 2017 2:50 am

….priced at 7.875%. ….targets another US$1 bn from World Bank. International investors showed a healthy appetite for Nigeria’s first Eurobond since 2013, offering the country more money than it wanted to borrow. Nigeria’s US$1 billion Eurobond issue was approximately eight times oversubscribed, with orders in excess of US$7.8 billion, compared to a pre-issuance target of…

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