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CommentAugust 1 2014

Goldman opens access for Nigerian banks

Investors are willing to diversify into African corporate debt, despite emerging market volatility, as was proved by Goldman Sachs' $400m Tier 2 transaction for Access Bank.
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Goldman opens access for Nigerian banks

With periodic convulsions in emerging markets over the past year, Africa has provided some diversification opportunities for investors. In debt issuance, Nigerian banking has been one of the most active sectors, and Goldman Sachs one of the most active advisers.

Goldman’s most recent Nigerian deal was a $400m Tier 2 transaction for Access Bank. It acted as joint global coordinator alongside Citi, which has also been prominent in new Nigerian bank issues.

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