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2016-04-13 Nigeria Considering Selling Panda Bonds
   2016-04-12 16:10:18    CRIENGLISH.com      Web Editor: Ding Heng

 

[Photo: CFP]

 



Nigeria's finance minister says her country is considering selling Chinese renminbi-denominated Panda bonds to help finance its 2016 budget.

In an interview with Reuters and the Financial Times, Kemi Adeosun said Nigeria is also looking to sell Eurobonds, apart from loans from multilateral agencies.

Adeosun added that Nigeria was expecting to post budget deficits for the next two to three years.

For 2016 the government expects a deficit of 2.2 trillion naira, or over 11 billion US dollars.

So what exactly is a panda bond? Why does Nigeria want to issue them now? And how will the bonds be received in China?

Ni hao, you are listening to People In the Know, presenting you with insights into the headlines in China and around the world. 

PIK speak with Dr. Zhao Changhui, senior analyst at The Export-Import Bank of China, Terrill L. Frantz, Professor of Management from Peking University HSBC Business School, and Liu Baocheng, Professor at the business school of the University of International Business and Economics.

Questions or comments for us can be sent to PIK@CRI.COM.CN.

 
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