Nigeria plans $100-$300 million diaspora bond by end of 2014

Abraham Nwankwo, Director-General, Debt Management Office (DMO), Nigeria

Nigeria plans to issue a bond totalling $100-$300 million aimed at the country’s diaspora by the end of the year, a senior debt official said on Monday.

"We are still working on it, it will be a minimum $100 million and up to $300 million," Abraham Nwankwo, director-general of Nigeria’s debt management office, told Reuters on the sidelines of an Africa debt forum, adding the bond would launch "before the year ends".

Read more: Nigeria plans $100-$300 mln diaspora bond by end-2014-debt official | News by Country | Reuters.

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