Business Nigeria to Raise N70bn in Treasury Bonds at Auction Next Week

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Nigeria is planning to issue 70 billion naira ($350 million) worth of Treasury bonds with maturities ranging between five and 20 years at an auction next week, the Debt Management Office (DMO) said on Friday.

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The DMO said it will issue a 5-year bond to raise 40 billion naira and 20-year note to raise 30 billion naira on Aug. 12.

The papers are re-openings of previous issues. Results of the auction are expected the following day.

Reuters
 
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