Bonds maturing in 2047 were quoted just below 56 cents on the dollar by 2.55 p.m. in London, down from 58.37 cents on Tuesday, while debt maturing in 2049 and 2051 also declined. Six bonds from the West African nation were offered at least 1,000 basis points over US Treasuries, a level typically considered distressed, according to a Bloomberg index tracking sovereign debt from emerging markets.
The government is discussing the restructuring with the International Monetary Fund and the World Bank, Ahmed said in a separate interview with Lagos-based newspaper. The country is considering tapping the IMF’s newly created Food Shock Window that provides member nations with access to emergency financing instruments, she said.
While Nigeria’s debt as a proportion of gross domestic product is 23.1%, Africa’s largest economy faces a rising debt-service burden that the World Bank estimates will exceed government revenue this year.
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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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