Lagos - Naira-denominated bonds worth N400 billion will soon be issued by the International Finance Corporation (IFC) and African Development Bank (AfDB) into the Nigerian domestic debt market.
The two bodies have already approached the Securities and Exchange Commision (SEC), the apex capital market regulator, for approval, reports the Nation.
While the IFC is planning a naira-denominated bond worth about N160 billion, the AfDB is proposing a similar instrument of about N240 billion.
Arunma Oteh, Director General, SEC, confirmed the plans by the two multilateral financial institutions.
She said both the IFC and AfDB were interested in raising medium term note (MTN) bonds.
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