New Issue: Nigeria’s Zenith Bank sells $500 million 7 3/8% five-year notes at par

By Colin Hanner

Chicago, May 23 – Zenith Bank priced $500 million 7 3/8% five-year notes (//B+) at par, a market source said.

Citigroup and Goldman Sachs were the joint bookrunners for the deal.

Zenith is a lender based in Lagos, Nigeria.

Issuer:	Zenith Bank
Amount:	$500 million
Maturity:	2022
Description:	Notes
Bookrunners:	Citigroup, Goldman Sachs
Coupon:	7 3/8%
Price:	Par
Yield:	7 3/8%
Trade date:	May 22
Rating:	Fitch: B+

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