African banks turn to LM to manage 2018 maturities
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Emerging MarketsAfrica

African banks turn to LM to manage 2018 maturities

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Pan-Africa lender Guaranty Trust Bank has bought back $123.1bn of its outstanding bonds, making it the second African bank to address its upcoming maturities. Nigeria’s Fidelity Bank is looking to issue fresh debt to finance a buy-back of its $300m 2018s.

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