Nigeria plans to raise N90 billion ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said yesterday.
The debt office said it will auction 35 billion naira worth of the 5-year bond, 30 billion naira of the 10-year paper and 25 billion of the 20-year debt note, using the Dutch Auction System.
The 5-year debt note is a fresh issue, while the 10-year and 20-year bonds are re-openings of previously issued paper. Results of the auction are expected to be announced the following day, the debt office said in a notice.
Nigeria to Raise N90Bn in Bonds on February 11
Comms Week4 Feb 20150 Comments
Nigeria plans to raise N90 billion ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said…
C
Published by
Comms Week
Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.
You May Like
Moniepoint Says Unexpected Expenses Disrupt 73% of Nigerians’ Savings Plans
NAICOM Revokes Universal Insurance Licence, Appoints Receiver
EFCC Arraigns FCMB Staff, Accomplice over Alleged $25,000 Access Credential Deal
Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default
Banks, Others Report 42,082 Transactions to NFIU
