The Federal Executive Council (FEC) presided over by President Muhammadu Buhari has approved six Transaction Parties to adviser the Federal Government on the issuance of $2.78 billion Eurobonds and other securities in the International Capital Market (ICM).
The Transaction Parties are Citigroup Global Market Limited, Standard Chartered Bank as joint manager; FSDH Merchant Bank Limited as financial adviser; White And Case LLP, Banwo and Ighodalo as legal adviser and Africa Practice Limited as technical adviser on communication.
The Minister of Finance Zainab Ahmed, whole briefing State House Correspondents on Council’s decision explained that, the Transaction Parties are expected to adviser the Nigerian Government on “the structure and timing, as well as, documentation for the issuance” of the Eurobonds and other securities.
She said the approval is part of government’s…
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