February 15, 2018 / 10:14 AM / 7 months ago

Nigeria begins marketing dual-tranche US dollar bond offering

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)

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