As international banks are pulling out of the African continent, Access Bank Plc is strategically repositioning to take advantage of opportunities created by their exit in the market. A major pointer to the agenda was recent revelation by the lender that it is considering selling dollar-denominated securities in the domestic …
Read More »Nigeria Borrows Fresh $4 Billion through Eurobonds
Nigeria has raised another $4bn through Eurobonds. The Debt Management Office disclosed this in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through Eurobonds’. This would raise Nigeria’s Eurobond debt from $10.37bn as of the end of March according to figures obtained from DMO’s external debt stock …
Read More »ETI Opens Market at London Stock Exchange after Listing US$350 Million Bond
Ecobank Transnational Incorporated (“ETI”), was hosted by the London Stock Exchange for a market opening virtual ceremony to celebrate the successful listing of the Tier 2 Sustainability Notes on the London Stock Exchange (LSE) main market. This represents the first ever Tier 2 Sustainability Notes by a financial institution in …
Read More »FGN’s External Debt Service Obligations Reaches US$507m in Q3 2020
Debt service on the FGN’s external obligations reached a total of USD507m in Q3 ’20, divided between USD263m and USD244m on market and non-market debt respectively. The market figure was the same as in Q3 ’19 and Q1 ’20 because the FGN has not issued Eurobonds, which pay semi-annual coupons, …
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