Nigeria Seeks Managers, Adviser for $1 Billion of Eurobonds
- Sale is part of $4.5-billion program between now and 2018
- Nigeria to appoint two international managers, local adviser
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Nigeria is seeking two lead managers and a financial adviser to organize the issuance of $1 billion of Eurobonds this year, according to the nation’s Debt Management Office.
The sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme that runs through 2018, the department said in a statement published in the U.K’s Financial Times newspaper on Monday. The government wants to appoint two international banks as joint lead managers and a local lender as financial adviser for the whole program, according to the statement. Bids are to be submitted by noon on Sept. 19 in the capital, Abuja.