FG aims to raise N110b at bond auction

Posted by News Express | 18 January 2018 | 2,022 times

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Nigeria plans to raise N110 billion by selling sovereign bonds with maturities of five and 10 years on January 24, the Debt Management Office (DMO) said on Wednesday.

The debt office said it would raise N50 billion with the five-year bond and N60 billion with the 10-year paper, using the Dutch auction system.

The bonds are re-openings of previous issues and the result of the auction is expected to be published on January 26, the DMO said. (Reuters)

Source: News Express

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