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Emerging MarketsAfrica

Nigeria blows out on bond return to show Africa appetite

Nigeria_flag_8Feb2017_Fotolia

Despite lingering concerns about its foreign exchange rate regime, Nigeria’s return to the bond market drew an impressive $7.8bn book. So insatiable was demand that the deal dragged the whole sub-Saharan Africa market tighter in secondaries paving the way for some much missed supply from the sector, writes Virginia Furness.

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