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How CBN’s FX reset fuelled global hunt for Nigeria’s $2.5bn eurobond

Nigeria has made a brave comeback in the international capital markets with a dual-tranche eurobond issuance that garnered $2.25 billion. The 10-year and 20-year bonds were heavily oversubscribed and priced at 8.625 per cent and 9.125 per cent, respectively, tighter than initial guidance, highlighting strong investor confidence in the country’s economic and fiscal reforms. [...]