Nigeria’s Amcon to Issue Interim Bonds Before Year End

(Corrects spelling of Dosumu in story published Dec. 16.)

Dec. 16 (Bloomberg) -- Nigeria’s Asset Management Co., set up to absorb bad debts in the country’s banking system, will issue interim or “consideration” bonds before the end of this year to buy the first set of bad debts from banks, Foluke Dosumu, the company’s executive director for finance, said at a meeting with lenders in Lagos today.

To contact the reporter on this story: Vincent Nwanma in Lagos at vnwanma@bloomberg.net

To contact the editor responsible for this story: Dulue Mbachu at dmbachu@bloomberg.net