Nigerian businesses concerned about rising interest rates and macro-economic issues have halted borrowings from the bond market
According to data from Afrinvest Securities, there were 13 corporate bond issuances with a total value of N170.80 billion in 2022, which is 24.90 percent lower than 2021’s N227.50 billion in 10 issuances.
The biggest issuances were Geregu Power (N40.10 billion), Presco, (N34.50 billion), and LFZC (N25.0 billion).
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