Nigeria raised 91 billion naira ($456.14 million) at a bond auction held during the week with yields rising by more than one percentage point across all tenors.
The Debt Management Office said a total of 20 billion naira worth of the 5-year bond was sold at 16.49 percent, up 95 basis points from 15.54 percent from the previous sale on Feb 11.
The 10-year paper was sold at 16.84 percent compared with 15.75 percent previously, raising a total of 40 billion naira, while 31 billion naira worth of the 20-year debt note was sold at a yield of 19.99 percent, up from 15.85 percent previously.
Dealers said the sale attracted low demand from investors.
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