Nigeria hints at potential deal with large entourage for US
The Republic of Nigeria is set to meet investors in New York, Boston, Los Angeles and San Francisco next week. Although the meetings are non-deal related, the size of the team the sovereign is planning to take to the US has led market participants to suggest that a deal may be in the offing.
The meetings, which will run from April 17-20, are being arranged by Citi and Deutsche Bank, the same two banks that arranged the countrys debut $500m 6.75% 10 year Eurobond last year.
"Theyre bringing 11 people over from Nigeria including their finance minister, Ngozi Okonjo-Iweala, and the general
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