Nigeria draws $2B from a $5B total return swap facility with First Abu Dhabi Bank, using naira bonds as collateral. The IMF warns about derivatives opacity.

Analysts often warn that investors should check the small print, read and re-read it under a strong light, when sovereigns ...

Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating agency Fitch ...

RBI has issued directions to broaden the credit derivatives market, permitting wider use of credit default swaps and total return swaps. The rules are effective immediately.

LONDON, Sept 19 (Reuters) - Angola will decide by November whether to roll over its $1 billion total return swap deal with JPMorgan, or potentially raise the money on international capital markets, a ...

NIGERIA’S proposed $5 billion Total Return Swap arrangement with First Abu Dhabi Bank is perhaps the most innovative sovereign financing transaction ever attempted by the country. It may also become ...