Nigeria holds investor meeting for three tranches of dollar notes

By Rebecca Melvin

New York, Nov. 13 – The Federal Republic of Nigeria held a fixed-income investor meeting in London on Tuesday regarding a three-tranche offering of dollar-denominated notes, according to a syndicate source.

The deal was expected to include seven-year and 12-year notes as well as a longer-dated tranche.

Citigroup and Standard Chartered Bank arranged the meeting.

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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