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Nigeria’s Africa Finance launches $500 million five-year notes at Treasuries plus 320 bps
By Christine Van Dusen
Atlanta, April 22 – Nigeria’s Africa Finance Corp. launched a $500 million offering of five-year notes at Treasuries plus 320 basis points, a market source said.
The notes were initially talked at a spread in the Treasuries plus 350 bps area.
Citigroup, MUFG, Standard Bank and Standard Chartered are the bookrunners for the Rule 144A and Regulation S deal.
The notes are expected to price on Wednesday.
The financial services provider is based in Lagos.
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