LAGOS, July 19 (Reuters) - Nigeria's Fidelity Bank
FIDELIT.LG aims to sell up to 50 billion naira ($163.2
million) in Tier II debt before the second quarter of next year
to refinance existing bonds as yields fall, the mid-tier lender
said on Friday.
Bond yields have been declining on the local debt market
before a central bank policy last week aimed at forcing lenders
to boost credit to businesses and consumers which could swell
naira liquidity on the money market.