Free article preview  

Some might consider it risky for a Nigerian bank to issue a US$300 million Eurobond on the international capital markets for the first time - just three months before the country holds critical national elections. In fact, the issue was oversubscribed by $221 mn. and with a yield of 8.625% for the bond, the Lagos-based Guaranty Trust Bank (GTB) got a better price than recent issues for banks from Russia and Kazakhstan....

(This article contains approximately 183 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

Russia, Kazakhstan, Tayo Adenirokun

Tag Cloud:

bond(3) eurobond(2) financial(2) gtb(3) gtb's(2) yield(2)