16
Aug
Nigeria, which had hoped to issue a Eurobond this year, has decided to delay it and sell a debut dollar bond on the domestic market as it seeks to fund its budget deficit and shore up the battered naira. Finance Minister Wale Edun told an investor conference in Lagos, the commercial capital, on Thursday that the five-year, $500 million bond will be issued on Aug. 19. He said market conditions had not been ripe to proceed with the Eurobond, so the government will instead target Nigerians at home as well as the significant number who live abroad. “Interest rates are…