Ghana secures IMF staff-level agreement on bailout
Ghana has managed to secure a staff-level agreement with the International Monetary Fund (IMF) over bail-out of its $49 billion debt but the challenge is the country’s ability to convince…
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Eurobond
Fidelity Bank settles $400m Eurobond due Monday
Fidelity Bank has sent $421 million to settle a Eurobond due Monday, as Nigeria grapples with a worsening foreign exchange crisis.
Lagos-based bank transferred the sum on Oct. 13 for the…
UBA redeems $500million 5-year Eurobond
The United Bank for Africa Plc (UBA) has redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. The five-year bond issued in 2017 was offered at a coupon rate…
Eurobond fails to lift reserves as more borrowing underway
The $1.25bn Eurobond Nigeria issued in March this year failed to shore up the country’s external reserves, which dropped by 2.15 percent year-to-date, even as the federal government plans…