Standard Chartered, Stanbic IBTC, Citi Group others to handle Nigeria’s $2.5b Eurobond
The Federal Executive Council on Wednesday reappointed a consortium of banks to manage the nation’s $2.5bn Eurobond issuance.
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The banks are: Citi Group, Standard Chartered, StanbicIBTC, Whitten-Case and African Practice.
According to the Minister of Finance, Kemi Adeosun, the proceeds of the $500m bond issued in November 2017, which she put at about N162.50bn, were used to redeem Nigerian Treasury Bills, which matured in December 2017.
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