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IFC To Issue $50m Bond In Nigeria

The International Finance Corporation (IFC), a member of the World Bank, plans to issue a $50 million bond, to support Nigeria’s capital market and increase … Continue reading IFC To Issue $50m Bond In Nigeria


The International Finance Corporation (IFC), a member of the World Bank, plans to issue a $50 million bond, to support Nigeria’s capital market and increase access to finance in the country.

This brings IFC’s total committed portfolio in Nigeria to $1.1 billion, the largest country portfolio in Africa and the eighth-largest globally.

It’s the first Naira denominated bond to be issued by the IFC, targeted at investors who want to diversify their portfolio while investing in high-quality assets.

IFC bonds are rated Triple-A by Moody’s Investors Service and Standard & Poor’s.

Proceeds from the bond will be used to support IFC’s private sector development program.