Nigeria selects banks, sets roadshow for dollar notes offering

By Rebecca Melvin

New York, Nov. 9 – The Federal Republic of Nigeria has mandated banks and scheduled fixed-income investor meetings for a planned offering of U.S. dollar-denominated notes, according to a market source on Friday, citing reports.

Citigroup and Standard Chartered Bank were mandated to arrange investor meetings, the source said.

The banks could not be reached immediately to confirm that the deal had been announced.

Roadshow meetings were expected to start on Monday and wrap up on Wednesday.

Nigeria was last in the emerging markets debt market in February when it priced $2.5 billion of 12- and 20-year eurobonds that priced at par to yield 7.143% and 7.696%, respectively.

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