IFC lines up Naija programme after debut

The International Finance Corp (IFC) sold its debut domestic Nigerian naira bond — nicknamed a Naija bond — on Tuesday to strong demand from investors. The IFC is also planning to set up an issuance programme for future deals in the currency.

  • 08 Feb 2013
"The plan for any future Naija bonds is to move from a single-issue approach to a programme approach," said Andrew Cross, head of treasury client solutions for Sub-Saharan Africa, Latin America and the Caribbean at the IFC. "In the past we’ve seen that a programme approach allows for ...

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