Nigeria plans to issue a bond totalling $100-$300 million aimed at the country's diaspora by the end of the year, a senior debt official said on Monday.
"We are still working on it, it will be a minimum $100 million and up to $300 million," Abraham Nwankwo, director-general of Nigeria's debt management office, told Reuters on the sidelines of an Africa debt forum, adding the bond would launch "before the year ends".
Nigeria chose Stanbic IBTC and Goldman Sachs as lead managers of the diaspora bond in April.
Nwankwo said the bond would be sold only to offshore diaspora investors, with no on-shore portion.
Nigeria has no current plans for a regular sovereign dollar bond, Nwankwo added
Monday 30 June 2014
Nigeria plans $100-$300 mln diaspora bond by end-2014-debt official
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