Nigeria Heads to London, U.S. for First Eurobond Since 2013
- Officials to meet investors before a 15-year dollar-bond deal
- Finance Minister Adeosun, central bank’s Alade with delegation
This article is for subscribers only.
Nigeria will meet investors this week for its first Eurobond sale in more than three years as Africa’s most populous nation battles an economic contraction and the worst dollar squeeze in almost a decade.
Beginning Friday, officials will hold roadshows in London and the U.S. before the proposed issue of 15-year bonds, the country’s longest-maturity dollar notes yet, according to a person familiar with the matter, who is not authorized to speak publicly. Finance Minister Kemi Adeosun and the central bank’s Deputy Governor Sarah Alade will lead the meetings, to be organized by Citigroup Inc. and Standard Chartered Plc. The delegation will also include Udo Udoma, the budget minister, and Abraham Nwankwo, head of the Debt Management Office.