Nigeria has raised a total of $500 million in a sale of Eurobonds, Reuters reports. The securities, which were priced at a spread to yield a coupon rate of 7%, were 2.5 times oversubscribed.
Investors from 18 countries, including Europe, the U.S., Asia and Africa bought the bonds. The notes, which carry a coupon rate of 6.75%, will mature in 2021.
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