Friday 7 November 2014

DMO to auction N65 billion in bonds on November 12


The Debt Management Office (DMO) says it plans to raise N65 billion ($392 million) worth in sovereign bonds with maturities of three to 20 years at an auction on November 12.

The debt office said it will auction 10 billion worth of three-year bonds, 30 billion naira of 10-year debt notes and 25 billion naira of 20-year bonds next Wednesday using the Dutch Auction system.

All the bonds are re-openings of previously issued debt notes.
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