Posted 3/15/2024, 8:22:08 AM
Nigeria Taps Wall Street Banks for Potential $1 Billion Eurobond to Finance Growing Budget
- Nigeria hiring Citigroup, JPMorgan, Goldman Sachs, and others to advise on potential $1 billion Eurobond issue to meet spending needs
- Seeking first Eurobond since 2022 to help finance 2024 budget deficit
- Hired Standard Chartered Bank and Chapel Hill Denham, founded by Finance Minister Wale Edun
- Chapel Hill Denham established $50M fund with GEAPP to support renewable energy projects in Nigeria
- 2024 budget is 26% larger than 2023 budget, requiring financing through borrowing