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Nigeria's UBA issues 35 bln naira debt at 14 pct


Wednesday December 7, 2011 10:50am


Nigerian lender United Bank for Africa (UBA) said on Wednesday it had issued a 35 billion naira ($217 mln) bond paying a 14 percent coupon, the second tranche of a 400 billion naira debt issuance program launched in October last year.

The debt matures in 2018, the bank said in a notice.

($1 = 161.5500 naira)    

Source: Reuters  (Reporting by Chijioke Ohuocha)

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