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First Abu Dhabi Bank Seen Syndicating $5 Billion Nigeria Swap
Source: Bloomberg
Banking & LiquidityDerivatives & VolatilityEmerging MarketsSovereign Debt & Ratings
First Abu Dhabi Bank may reduce part of its $5 billion total-return swap exposure to Nigeria, according to people familiar with the matter. A sell-down could shift risk tied to Nigerian sovereign-linked exposure and draw attention to liquidity and counterparty positioning in the emerging-markets derivatives market.
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