UPDATED: Fitch says Nigerian banks Eurobonds to reduce foreign-currency liquidity risk

UPDATED: Fitch says Nigerian banks Eurobonds to reduce foreign-currency liquidity risk

The return of Nigerian banks to the international bond market is a step towards reducing maturity mismatches between foreign-currency assets and liabilities, Fitch Ratings says. “This is credit positive as it lessens foreign currency liquidity risk, but the impact will be modest as the new bond issuances are small relative to total term dollar lending.”…

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