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Nigeria’s Diamond Bank sees no need to refinance $200 million Eurobond at maturity

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Nigeria’s Diamond Bank said on Friday it plans to pay off a $200 million Eurobond due in May with dollars generated from operations and has no plan to refinance the debt. The mid-tier lender also said it has received approval from the central bank to operate only in Nigeria, in a move to lower capital requirements after selling its international units. Reuters

Pix: Diamond Bank Headquarters, Lagos

Isaac Umunna

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