Nigeria's Eurobond market closed the month of February in positive territory, signalling sustained foreign investor confidence.
According to data from the Debt Management Office (DMO), the average yield on Nigeria’s Eurobonds closed at 8.80 percent, 41 basis points down from 9.21 percent at the beginning of February, a signal of strong investor appetite.
In the Sub-Saharan African Eurobond market, yields also fell by 27bps to an average of 8.4 percent, which means Nigeria outperformed the region.
Analysts at Afrinvest said that this wa