Nigerian banks raise $1.7 billion Eurobonds in 12 months

Nigerian banks raise $1.7 billion Eurobonds in 12 months

Nigerian banks have in the last 12 months raised US$1.7 billion in Eurobonds from the international capital markets, as they seek to boost their capital in the face of a more difficult operating environment in the country. The rush for Eurobonds is boosting the capital position of the banks as well as their dollar liquidity,…

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