Market News
Nigeria’s Eurobonds defy rising insecurity - BUSINESSDAY
The Nigerian Eurobonds market held firm in November, with yields extending their downward trend even as a surge in domestic insecurity drew sharp scrutiny from the United States. The average yield on all 13 existing FGN Eurobonds fell 69 basis points in a month to 7.59 percent on Tuesday from 8.28 percent on the first trading day in November.
The average price of Nigerian Eurobonds has grown to $102.79 at the end of today, from $99 at the start of November. Read also: The Nigerian Eurobonds market held firm in November, with yields extending their downward trend even as a surge in domestic insecurity drew sharp scrutiny from the United
