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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

FG secures fresh $350mln Eurobond facility for NBET

Posted on 10 March 2014

As part of efforts to further strengthen the Nigerian Bulk Electricity Trading Plc (NBET), otherwise known as the Bulk Trader, the federal government has secured a fresh $350 million Eurobond facility to boost its operations.
Okonjo-Iweala, who is Chairman of the Board of NBET, informed that the $350 million facility has been given to the Sovereign Wealth Fund (SWF) to manage on behalf of the bulk trader. According to her, the decision was informed by the need to manage the facility in a way that the federal government can repay the loan by investing the money………………………………………..Full Article: Source


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