Oct 9 (Lagos) - Barclays will consult with its index users on whether Nigeria's sovereign debt should remain in its emerging market local currency government bond benchmark, the bank said on Wednesday.
Barclays listed the "eligibility of Nigeria for inclusion in the EM Local Currency Government Index" among the primary topics to be considered in its annual review process, according to a statement, though it gave no additional details. Barclays said the consultation would run through October and results will be published shortly afterwards.
Nigeria is one of 19 countries which make up the index and the only one from Africa apart from South Africa. According to Barclays, Nigeria's bonds had a weighting of 1.2% on Oct. 6.
reporting for easykobo.com on Friday, Oct 9 2015 from Lagos, Nigeria
If you would like to post comments! Please log in.