Helios gives helping hand to Nigerian HY

Helios Towers Nigeria sold a debut dollar bond on Tuesday — only the second international corporate bond from that country. The notes offer a useful new benchmark for Nigerian corporates, with at least one follow-on deal expected in the next few weeks. On the financial side First Bank of Nigeria began a roadshow ahead of a tier two subordinated note. But First City Monument Bank postponed a debut bond deal, after failing to see eye to eye with investors on pricing.