Nigeria: Housing - FMBM Sources U.S. $1.5 Billion HSBC Facility

Nigeria: Housing - FMBM Sources U.S. $1.5 Billion HSBC Facility - The Federal Government has given its consent and approval to ongoing negotiations between the Federal Mortgage Bank of Nigeria (FMBN) and HSBC Bank to source one $1.5 billion (about N225 billion) from the International Capital Market through Euro medium to long term issuance facility. [AA Urbanisation]