Nigeria agrees to pay a floating interest rate, based on global rates plus around 4 per cent. The bank, in turn, collects all the returns from those naira bonds, including interest and any changes in their value.
The post Nigeria’s $5 billion Abu Dhabi swap deal: Financial painkiller or debt trap? appeared first on Nairametrics .
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Nigeria’s $5 billion Abu Dhabi swap deal: Financial painkiller or debt trap?
Source: Nairametrics
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