Nigeria’s Eurobonds defy rising insecurity

Nigeria’s Eurobonds defy rising insecurity

The Nigerian Eurobonds market held firm in November, with yields extending their downward trend even as a surge in domestic insecurity drew sharp scrutiny from the United States. The average yield on all 13 existing FGN Eurobonds fell 69 basis points in a month to 7.59 percent on Tuesday from 8.28 percent on the first trading day in November. The average price of Nigerian Eurobonds has grown to $102.79 at the end of today, from $99 at the start of November.

Source: https://businessday.ng/pro/article/nigerias-eurobonds-defy-rising-insecurity/