• Budget: FG to raise $1bn via Eurobond in November

    Budget: FG to raise $1bn via Eurobond in November

    In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown.

    The amount to be raised from the international bonds market is part of the $4.5bn that the Federal Government plans to borrow from the market in three years.

    Authoritative sources said on Wednesday that the government was watching events in the international capital market to know the best opportune time to approach it to raise the fund.

    Further investigation […]