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Published on 4/10/2014 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Nigeria's Zenith Bank sets talk in high 6% area for five-year notes

By Aleesia Forni and Christine Van Dusen

Virginia Beach, April 10 - Zenith Bank (BB-/BB+/) is planning to price a five-year issue of senior notes, with price talk in the high 6% area, according to a market source.

Citigroup Global Markets Inc. and Goldman Sachs & Co. are the joint bookrunners for the Rule 144A and Regulation S deal.

Zenith is a lender based in Lagos, Nigeria.


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