Nigeria’s Amcon Delays $9.8 Billion Bond Issue
This article is for subscribers only.
Asset Management Corp. of Nigeria, the state-owned company set up to buy non-performing debts from banks, delayed issuing 1.5 trillion naira ($9.8 billion) of bonds today as it hadn’t obtained all regulatory approvals in time, Executive Director for Finance Foluke Dosumu said.
“The reason is that we are still doing the registration with the various regulatory bodies,” Dosumu said by phone from Lagos today, adding that the bonds will be issued before the end of the first quarter.