Angola seeks to surpass Nigeria in international bond market

…eyes international market in June Nigeria may have lost its prime position in bond market to Angola, following the latter’s plans for an international bond sale by the end of June, according to report from analysts at Renaissance Capital (Rencap). However, the exercise will be preceded by credit rating to enhance its sales at the international market. In fact, Nigeria started the plans for getting the sovereign bond rating before Angola, which rivals her as Africa’s biggest oil producer, but ...
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Added March 18, 2010
from Businessday Nigeria