financial newswire, first report
By lens · 1 takes across the edition
Bloomberg · United States · Nigeria draws first $1.5bn from $5bn Abu Dhabi swap deal; IMF flags opacity risk
Bloomberg's June 26 report was the first to confirm Nigeria had already drawn the initial tranche through a total-return swap, before the government's formal acknowledgment. The deal uses Nigerian sovereign bonds as collateral at 133 per cent of the borrowed sum.
“Nigeria draws first tranche of $5bn swap with UAE bank.”