LONDON, Feb 15 (IFR) - Nigeria has opened books on a dual-tranche US dollar offering, according to a lead.
The sovereign is marketing a benchmark sized February 2030 bond at Treasuries plus 450bp area and a benchmark February 2038 note at plus 487.5bp area.
The 144A/Reg S deal is today’s business via Citigroup (B&D) and Standard Chartered. Expected issue ratings are B2 by Moody’s, B by S&P and B+ by Fitch. (editing by Alex Chambers)