Nigeria’s Eurobond holders will not be included in a plan to extend the tenors of its outstanding debts and not necessarily “restructure” its obligations, Nigeria’s Minister of Finance has said.

Africa’s largest economy aims to manage the pressure coming from rising debt costs, inflation and a stronger dollar by shifting loans from short-term to medium- and longer-terms, Finance Minister Zainab Ahmed said during a panel session at the International Monetary Fund’s meetings in Washington D.C. on Thursday. This will apply to domestic and “international borrowings as well, bilateral loans and even some of the concessional loans,” Ahmed said.

Bloomberg