Wednesday, 6 November 2013

Nigeria to raise 65 billion naira in three- and 20-year bonds

Lagos - Plans to issue 65 billion naira in bonds with maturities of three years and 20 years at its monthly debt auction on November 13, the Debt Management Office said on Wednesday.

The office said it would issue 35 billion naira of the three-year bond maturing in August 2016 and 30 billion naira of the 20-year note due July 2030, using the Dutch Auction system.

The notes are re-openings of previous issues.

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