Nigeria Returns to Eurobond Market With $2.2 Billion Offer
- Pricing for both bonds on offer has tightened, analysts say
- Proceeds to be used for 2024 budge says nation’s Debt Office
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Nigeria’s first Eurobond sale in over two years is attracting strong investor demand, analysts said, allowing the government to tighten pricing on its $2.2 billion offering.
Proceeds will go toward financing the 2024 budget, according to Patience Oniha, director-general of Nigeria’s Debt Management Office.