Nigeria’s Diamond Bank has issued a debut $200 million five-year Eurobond, priced to yield 8.75 percent, its chief finance office told Reuters on Thursday.

Abdulraham Yinusa said the bond is quoted on the Irish Stock Exchange. The mid-tier Nigerian lender said on Tuesday it was in the Eurobond market to raise between $300 million to $350 million worth of debt.

Source: Reuters (by Chijioke Ohuocha)