Analysts: Nigeria may return to Eurobond market in 2021

Amidst foggy global economic realities caused by the coronavirus (Covid- 19) pandemic-induced crisis, analysts at Coronation Research have said that Nigeria will likely return to the Eurobond market next year. The analysts, who made the prediction in a note obtained Business Metrics, argued that Nigeria’s position was better than those of some other African countries, such as Zambia and Angola, which have recently sought to restructure private -sector debt, including Eurobonds. The analysts noted that although there was a rise in Eurobond yields a fortnight ago, with Zambia’s 2027 Eurobond…

Read more