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IFC Set To Launch $1b Nigeria’s Naira Bond Issue

The International Finance Corporation (IFC) have kicked off preparations to launch the first long-term Nigerian domestic Naira-denominated bond issuance programme that will help the Breton Woods institution to raise up to $1 billion through series of local-currency bonds.

Mr. Jingdong Hua, Vice president and treasurer, International Finance Corporation (IFC), disclosed this yesterday at the Nigerian Debt Capital Market Conference organized by IFC, Securities and Exchange Commission (SEC) and National Pension Commission (Pencom) in Lagos.

He said IFC intends to build on the success of its maiden Naira-denominated issue to institute a long-term Naira-denominated domestic bond issuance programme as part of efforts consolidate its financing activities in Nigeria and help in the development of the domestic capital market.

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