IFC, a member of the World Bank Group, is working with the Securities and Exchange Commission in Nigeria to launch the first long-term, local-currency bond program in the country. The program will allow IFC to issue a series of local-currency bonds totaling up to $1 billion, to deepen domestic capital […]
Author: InvestAdvocate
New IMF Resident Representative to Jamaica Begins Duty
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The new International Monetary Fund (IMF) Resident Representative to Jamaica Bert van Selm has started duty in Kingston at the end of July. According to the IMF, van Selm has been with the Fund since 2000, and has worked on country teams in […]
Fitch Rates First Bank of Nigeria’s Tier 2 Note Issue
Fitch Ratings has assigned First Bank of Nigeria Ltd’s (FBN; B+/Stable) USD300m 8.25% subordinated debt (Tier 2 notes) due August 2020 a final rating of ‘B-‘. The notes will be callable in August 2018, at which point the interest rate will reset to the sum of 6.875% plus the prevailing […]
