Nigeria sold a total of 80.20 billion naira ($403 million) in bonds maturing in February 2020 and August 2034 at an auction on Wednesday with mixed yields, Debt management Office (DMO) said yesterday.
Total bids stood at 153.48 billion naira, more than the 119.53 billion naira at the previous auction.
A total of 40 billion naira of the Feb 2020 bond was sold at the auction, while additional 10.20 billion naira of same tenor paper was allotted on non-competitive basis.
The 2020 paper fetched a yield of 15.38 per cent, compared with 15.28 per cent at the last auction.
The debt office sold 30 billion naira in the August 2034 debt at 15.19 per cent versus the 15.29 per cent the paper fetched at the last auction.
The 2020 debt closed at 15.41 per cent at the secondary market on Wednesday, while the 2034 paper closed at 15.19 per cent.
Nigeria Sells N80Bn Worth of 2020, 2034 Bond at Mixed Yields
Comms Week14 Aug 20150 Comments
Nigeria sold a total of 80.20 billion naira ($403 million) in bonds maturing in February 2020 and August 2034 at an auction on Wednesday with mixed yields, Debt management Office (DMO) said…
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