Nigeria will raise $448 million through a sale of bonds, Bloomberg reports. The African country will issue the notes in two tranches of $224 million each. The notes to be sold in the first tranche will mature in March 2014, while the notes in the second tranche will mature in April 2015. The three-year notes carry a coupon rate of 10.5%, while the four year bonds carry a coupon rate of 4%.

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