White & Case Advises Nigerian Government on First GDN Issuance by an African Country
Global law firm White & Case LLP has advised the Federal Republic of Nigeria on the first ever issuance of local bonds in the form of Global Depository Notes by an African country.
The bonds were issued in two tranches of 15.10% FGN Bonds due April 2017 and 16.39% FGN Bonds due January 2022. Citigroup acted as Global Coordinator and Joint Bookrunner while Stanbic IBTC and Standard Chartered Bank acted as Joint Bookrunners.