What Visionscape’s bond default means for Lagos

...as firm misses coupon payment of N4.5bn...States' borrowing costs set to rise

Visionscape’s bond payment default has some consequences for its guarantor, the Lagos State government, and companies without a strong financial history seeking to raise debt capital will not be spared. Lagos may not be the primary obligor for Visionscape Sanitation Solution’s bond, but it guaranteed investors who lent money to the waste management company employed…

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