Nigeria to raise 73.61 bln naira in bonds

(LAGOS)

Nigeria plans to auction 73.61 billion naira ($446.80 mln) in bonds with maturities ranging between 3 years and 20 years at an auction next Wednesday, the Debt Management Office (DMO) said on Thursday.

The DMO said it will sell 18.61 billion naira in 3-year bonds, 30 billion in 10-year paper and 25 billion in 20-year debt.

The securities are a reopening of previously issued bonds.

($1 = 164.75 naira)

 

(Reuters)

Source : SunOnline

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