Nigeria's Zenith Bank seeks debut bond of $350m-plus

By Francesca Young
03 Apr 2014

Nigeria's Zenith Bank started a roadshow on Thursday with Citi and Goldman Sachs for a 144A/Reg S senior unsecured dollar bond. It is likely to have a size of over $350m and a maturity of five years.

Investor meetings are taking place in London, Los Angeles, Boston and New York and finish on April 9.  

Guaranty Trust Bank and First Bank of Nigeria are likely to be the closest two comparables for the deal, but Zenith may price inside its peers, according to a ...

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