ABUJA, March 11 (Reuters) - Nigeria's 2021 bond spread
widened by more than 600 basis points on Wednesday as jittery
investors worried about the value of the naira currency after
oil prices plunged.
Investors were bidding to buy the 2021 bond at 12.79% while
offers to sell were at 6.57%. Spreads for the bond which has a
little over a year to maturity had been trading at around 100
basis points before the oil price rout.
Spreads for the 2023 bond widened by more than 300 basis
points.