Activity

BNY Mellon and Standard Bank Group Ltd. are collaborating to introduce Global Depositary Notes (GDNs) backed by Nigerian sovereign debt denominated in naira.
This initiative aims to enhance accessibility for global institutional investors by enabling them to settle transactions through international central securities depositories like Euroclear and Clearstream. The move is expected to attract more foreign investment into Nigeria, leveraging the country’s benchmark bond yields, which are among the highest in emerging markets. Ultimately, this effort is designed to support the growth and development of capital markets across Africa.

Video courtesy of StockInvestorDaily

Video courtesy of StockInvestorDaily</a