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Nigeria's Diamond Bank issues debut $200 mln 5-yr Eurobond at 8.75 pct
May 15, 2014 / 9:42 AM / 4 years ago

Nigeria's Diamond Bank issues debut $200 mln 5-yr Eurobond at 8.75 pct

LAGOS, May 15 (Reuters) - Nigeria’s Diamond Bank has issued a debut $200 million five-year Eurobond, priced to yield 8.75 percent, its chief finance office told Reuters on Thursday.

Abdulraham Yinusa said the bond is quoted on the Irish Stock Exchange. The mid-tier Nigerian lender said on Tuesday it was in the Eurobond market to raise between $300 million to $350 million worth of debt.

Reporting by Chijioke Ohuocha; editing by Susan Thomas

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