$500m domestic bond: IMF warned Nigeria against issuance, but it’s 100% oversubscribed, says Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has said that Nigeria’s $500 million domestic bond was oversubscribed despite warnings from the International Monetary Fund (IMF) not to issue the bond. On 15 August, the Federal Government launched a $500 million domestic bond, which commenced subscription five days later at $1,000 per unit to interested investors. …
