Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating agency Fitch ...
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Nigeria’s $5bn total return swap gamble

NIGERIA’S proposed $5 billion Total Return Swap arrangement with First Abu Dhabi Bank is perhaps the most innovative sovereign financing transaction ever attempted by the country. It may also become ...
Fitch Ratings has warned that Nigeria’s planned $5bn total return swap (TRS) financing arrangement with First Abu Dhabi Bank ...