FG $300m Diaspora Bond To Boost External Reserves, Enhance Infrastructure Investment

LAGOS, (Sundiata Finance) — The Federal Government’s $300 million ‘Diaspora Bonds’ is expected to boost the country’s external reserves which stood at $30.28 billion as at June 8,2017. The Federal Government had earlier disclosed its plans to float a $300 million Diaspora Bond as part of measures to spur the buy-in of foreign-based Nigerians into the Economic Recovery and Growth ...

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DMO Opens Savings Bond, Closes Friday

By Nse Anthony-Uko ABUJA, (Sundiata Post) – The Debt Management Office will on Monday opened the FGN Savings Bond auction for the month of June 2017, selling both two and three year papers to retail investors, according to its provisional bond issuance calendar. The debt office is however yet to issue an offer circular wherein it will state the yields ...

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Ecobank Transnational Seeks $400m Convertible Bond Issue In Q2

By Nse Anthony-Uko, ABUJA, (Sundiata Finance) – The management of Ecobank Transnational Incorporated has proposed a $400 million convertible bond issue in second quarter of 2017, a move that will help it repay and restructure debt of short-term financing and maturity profile. Group chief executive officer, Ecobank, Mr. Ade Ayeyemi in a statement said, “The funds from our proposed $400million ...

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