Nigerian companies are delaying issuing new debt as they await a more favorable borrowing environment from September, leaving the corporate bond market in a lull.
With interest rates at their highest levels in decades now, the cost of servicing new debt has become expensive for many firms.
Consequently, corporate organisations are betting on rate cuts from the Central Bank of Nigeria (CBN)’s September Monetary Policy Committee (MPC) meeting to lower borrowing cost and make debt more appealing.
Data from FMDQ show that there was no new
