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Emerging MarketsAfrica

Nigeria's diaspora bond prices inside IPTs, then widens

Nigeria_flag_8Feb2017_Fotolia

Nigeria priced sub-Saharan Africa’s first diaspora bond comfortably inside initial indications on Tuesday after two days of bookbuilding. However, the bonds, which were printed at 5.625%, had widened to nearly 6% by midday Tuesday and have stayed around that level.

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