Nigeria Plans First Eurobond in Three Years With $3 Billion Sale
- Government may raise more subject to market conditions: Ahmed
- Minister Ahmed sees inflation dropping to single digit in 2023
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Nigeria, Africa’s biggest economy, will raise about $3 billion selling Eurobonds in the second week of October, the country’s finance minister said.
The government has approval to raise $6.1 billion from overseas, “so we are looking at doing half of that in the Eurobond market and the other half from bilateral and multilateral sources,” Finance Minister Zainab Ahmed said in a Bloomberg TV interview. “Depending on how the market goes, maybe we can do a little bit more,” she said. The roadshow for the Eurobond sale will start on Oct. 11.