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View Full Version : Nigeria's 'Attractive' Bank Eurobonds Set to Rally, RenCap Says - Bloomberg



NewsWhore
05-07-2009, 07:31 AM
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Nigeria&#39;s &#39;Attractive&#39; Bank Eurobonds Set to Rally, RenCap Says (http://news.google.com/news/url?sa=T&ct=us/6-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da5cmnV.lALrg%26refer%3Dafrica&cid=0&ei=jMgCStyzOIXE6QP4gOWoDw&usg=AFQjCNG49FvwVvVFeJtfbiYZXy1Ca0iQWA)
Bloomberg - Garth Theunissen (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Garth Theunissen%22&hl=en&ned=us&ie=ISO-8859-1)
Yields on the banks&#39; dollar-denominated bonds, which move inversely to their prices, surged to highs more than 2000 basis points above November levels as risk aversion soared, the country&#39;s currency tumbled because of a drop in oil revenue and bank ...


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