Nigeria’s government plans to issue Eurobonds worth about $2.3 billion later this year, Mohammed Sani Abdullahi, deputy governor in charge of Economic Policy at the Central Bank of Nigeria (CBN) has revealed.
The issuance would partly refinance a $1.18 billion Eurobond maturing in November while also strengthening Nigeria’s external reserves and investor confidence, Abdullahi revealed Wednesday at the ongoing Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington D.C.
“We plan to issue Eurobonds of up to about $2.3 billion, which will also help refinance the $1.18 billion Eurobond maturing in November. We’ll continue engaging investors to ensure the structure works well for both sides in terms of pricing and liability management,” he said.