Nigeria First Bank to issue $500 mln Eurobond by Q1

LAGOS (Reuters) - Nigeria's First Bank said it was on track to issue a $500 million Eurobond by the first quarter after retiring an existing $175 million paper yielding 7.1 percent in March from cash flow, its chief financial officer told Reuters on Tuesday Bayo Adelabu, said the bond which had a 10-year maturity was callable after five years and that the lender decided to exercise the call ...
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Added July 24, 2012
from Yahoo Nigerian News