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The Minister of Finance, Zainab Ahmed has said that Nigeria is looking to raise about $3 billion from Eurobond sales, mid-October.
During a Bloomberg TV interview, the Minister revealed that the sale of $3 billion Eurobond is one of its means to source for $6.1 billion while expecting to get the other half from the bilateral and multilateral sources.
“Depending on how the market goes, maybe we can do a little bit more,” she said. The roadshow for the Eurobond sale will start on Oct. 11.
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Nigeria recently received an SDR Of $3.35 billion from the International Monetary Fund to help stimulate economic recovery in the country and uplift its reserves which at this time is quoted at $33.54 billion on the CBN website.
More so, with the increase in the foreign reserves and perception of depth, the SDR will further boost confidence in the naira.
