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Access debut opens strong in secondary

By Steven Gilmore
19 Jun 2014

Access Bank sold its first tier two bond this week and, in contrast to earlier attempts from Nigerian financials, printed a larger than expected deal that traded up in the secondary market. The deal was a welcome sign of appetite for Nigerian risk, but emphasised that international interest extends only to a select few, said bankers on the deal.

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By Steven Gilmore
19 Jun 2014