Africa pipe swells as Nigeria, Sibanye, Afrexim line up

By Virginia Furness
08 Jun 2017

Nigeria on Wednesday added to a building pipeline of African credit with a diaspora bond, the first of its kind from a sub-Saharan African country.

The trade is aimed at high net worth Nigerians who will be able to purchase the bond through wealth managers or private banks. The SEC registered deal will come in denominations of $2,000 and $1,000 which are smaller than traditional euro or 144A/Reg S trades.

Bank of ...

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