Oyo State Just Raised $24million 7 Year Bond @ 16.5%

Nigeria’s southwestern state of Oyo has raised 4.8 billion naira ($24 million) through a 7-year bond with a fixed rate of 16.5 percent to fund infrastructure projects, the fund manager FBN Capital said on Wednesday. The bond was part of the state’s 55 billion naira bond issuance programme for building of roads, hospital facilities and […]