Strategy Note /
Nigeria

Nigeria's shelved eurobond raises chances of higher local yields

  • Nigeria has scrapped its plans for a June eurobond due to high market pricing. Cote D'Ivoire and Kenya have done similar

  • Increases the likelihood of higher local yields as the government ramps up local borrowing

  • Local FI investors should stay short. Equity investors can take positions in banks

Nigeria's shelved eurobond raises chances of higher local yields
Janet Ogabi
Janet Ogabi

Senior Research Analyst

Tellimer Research
15 June 2022
Published byTellimer Research

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