BNY Mellon, Standard Bank Launch Tool to Expand Access to Nigerian ...

BNY Mellon, Standard Bank launch tool to expand access to Nigerian ...

Foreign Banks Open Gateway to Nigeria's High Yield Debt Market - InsideBusiness - Business News in Nigeria

In a move to reshape access to African financial markets, Bank of New York Mellon Corp. and Standard Bank Group Ltd. have jointly launched global depositary notes backed by Nigerian sovereign debt denominated in naira. The initiative offers international investors streamlined entry into one of the world’s most lucrative debt markets. According to the Bloomberg report “BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt”, the pr…

BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt

Bank of New York Mellon Corp., in collaboration with Standard Bank Group Ltd., is launching global depositary notes backed by Nigerian sovereign debt denominated in naira, Bloomberg reported Wednesday. The initiative is designed to give international investors streamlined access to the elevated yields available in Nigeria, Africa’s most populous nation. The depositary notes will be eligible for settlement through major international clearing sys…

FG, BNY Mellon, Standard Bank Launch Naira Debt Access Notes

By Daniel Adaji The Federal Government, in partnership with BNY Mellon Corp. and Standard Bank Group Ltd., has launched global depositary notes backed by Nigerian sovereign debt denominated in naira. This move, according to a statement by the Central Bank of Nigeria (CBN) on Thursday, aims to open Nigeria’s local debt market to a wider pool of international investors. The new instrument allows foreign investors to access Nigeria’s high-yielding …

BNY Mellon, Standard Bank launch naira-denominated notes for global investors

Bank of New York Mellon Corp. (BNY Mellon), alongside Standard Bank Group Ltd., has launched global depositary notes backed by Nigerian sovereign debt denominated in naira.   The post BNY Mellon, Standard Bank launch naira-denominated notes for global investors  appeared first on Nairametrics.

BNY Mellon, Standard Bank Launch Global Depositary Notes for Nigerian Sovereign Debt

June 19, (THEWILL) – The Bank of New York Mellon Corporation (BNY Mellon), in collaboration with Standard Bank Group, has launched a Global Depositary Notes (GDN) programme backed by Nigerian sovereign debt instruments denominated in naira. In a statement published on its website on Wednesday, June 18, BNY Mellon said the new GDN structure offers […] The post BNY Mellon, Standard Bank Launch Global Depositary Notes for Nigerian Sovereign Debt ap…