Nigeria's 1st Global Bond issue

In the FT:

Nigeria plans to launch its first international Naira-denominated bond within six months, dismissing concerns that the global financial crisis and the country’s exposure to falling oil prices will starve the $500m offer of buyers.
The government says the planned 10-year bond will lay the foundation for future bond issues by Nigerian companies and state governments by creating an international benchmark for sub-Saharan Africa’s second biggest capital market...[continue reading]