LAGOS (Reuters) – Nigeria issued 39 billion naira ($128.2 million) in local currency bonds on Wednesday, far short of its original offer as the government, which is struggling to curb its borrowing costs, did not want to pay a higher coupon on the notes.
Africa’s largest economy had wanted to raise 95 billion naira from bonds maturing in five, 10 and 20 years time. But investors demanded higher yields for the notes so the government issued a lower amount, traders said.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at firstname.lastname@example.org
If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.