Debt Management

Rhombus advises Governments and sub‐sovereign entities on both strategic and tactical debt-management issues, including:

• Promoting the efficiency of the domestic bond market;
• Making local government securities Euroclear and Clearstream eligible, to enhance their international appeal;
• Refinancing to exploit favorable yield-curve developments; and,
• Defeasance strategies to optimize liability management.

Case study

Following intensive consultations with Nigeria’s Debt Management Office, the firm developed a capital‐markets based strategy to minimize the cost of servicing N92 billion (i.e. USD 717 million) in capitalized arrears relating to goods and services supplied by contractors to the Federal government.