Investors are finally betting on corporate risk - Businessday NG

…Commercial paper listings and double-digit yields are drawing investors deeper into corporate credit

Nigeria’s fixed-income market is beginning to shift away from one of its oldest habits: lending almost exclusively to the government.

For years, Treasury bills and sovereign bonds dominated institutional portfolios, offering liquidity, safety and yields strong enough to crowd out much of the private debt market. Commercial paper existed largely in the background, used quietly by large corporates and traded mostly among institutional inves

…Commercial paper listings and double-digit yields are drawing investors deeper into corporate credit

Nigeria’s fixed-income market is beginning to shift away from one of its oldest habits: lending almost exclusively to the government.