Nigeria will start an international road show next week for the sale of a diaspora bond and has named Bank of America Merrill Lynch and Standard Bank of South Africa as joint lead managers, its debt management office said on Thursday. Africa's biggest economy first unveiled in 2013 plans to sell diaspora bonds worth between $100 million to $300 million from Nigerians living abroad.
But the government at the time did not appoint a bookrunner until an election brought the opposition into office. A roadshow will start on June 13 with meetings planned in Britain, Switzerland and the United States, the debt office said in a statement. "Nigeria has filed a registration statement for the Bonds with the United States Securities and Exchange Commission," the statement said, adding that the Bonds would be listed in London. It gave no price expectations.
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