November 20, 2019 / 4:29 PM / 25 days ago

Nigeria to issue guarantee note to lenders to Bank of Industry -minister

ABUJA, Nov 20 (Reuters) - Nigeria will issue a sovereign guarantee note worth 500 million euros to Credit Suisse and a syndicate of international lenders, the minister of state of finance, budget and national planning said on Wednesday.

The minister said the note would serve as collateral for a loan facility the syndicate is setting up for the government-owned development lender Bank of Industry. (Reporting by Felix Onuah; Writing by Chijioke Ohuocha; Editing by Alexis Akwagyiram and Hugh Lawson)

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