February 9, 2017 / 8:13 AM / 8 months ago

Nigeria marketing US$1bn 15-year bullet bond

Feb 9 (IFR) - The Federal Republic of Nigeria has released initial price thoughts for a US$1bn 15-year bullet bond at 8.50% area.

The 144A/Reg S notes due February 2032 are today’s business via joint bookrunners Citigroup and Standard Chartered, with Stanbic IBTC Capital acting as financial adviser.

Nigeria is rated B1/B/B+. (Reporting by Robert Hogg; editing by Sudip Roy)

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