Is Nigeria's $300 million diaspora bond a worthwhile investment?

Having been in the pipeline for some time now, Nigeria’s $300m London Stock Exchange-listed diaspora bond went down very well with investors, being 130% oversubscribed. Having shared similar successes with the issuance of eurobonds, could diaspora bonds pave the way forward for a more successful Nigerian economy in the years to come?

What Is a Diaspora Bond?

A diaspora bond is a bond issued by a country that targets investment from nationals living abroad (hence diaspora). It acts as a patriotic way for nationals to invest in the future of their home country. Migrants are usually offered the bond at a discount rate.

Read more: Is Nigeria's $300m Diaspora Bond a Worthwhile Investment? – The Market Mogul