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Nigeria's finance minister says her country is considering selling Chinese renminbi-denominated Panda bonds to help finance Nigeria's 2016 budget.
In an interview with Reuters and the Financial Times, Kemi Adeosun said Nigeria is also looking to sell Eurobonds, apart from loans from multilateral agencies.
Adeosun added that Nigeria was expecting to post budget deficits for the next two to three years.
For 2016 the government expects a deficit of 2.2 trillion naira, or over 11 billion US dollars.
So what exactly is a panda bond? Why does Nigeria want to issue them now? And how will the bonds be received in China?
