When a bond goes bad: The Geregu Power default and what it actually triggers under Nigerian law - Businessday NG

Geregu Power bond default rattles investors as earnings plunge 88%

By Udeme Akpan, Energy Editor Investors in Geregu Power Plc are facing renewed concerns over the company’s financial position after it defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing both its…