Nigeria Aims To Raise N95 Billion At Bond Auction

Channels Television. Updated March 4, 2015

Nigeria plans to raise N95 billion by selling sovereign bonds with maturities ranging between 5 and 20 years on March 11, the Debt Management Office (DMO) said on Wednesday.

The debt office said it will raise N35 billion in 5-year bonds and N35 billion each in the 10 and 20-year paper, using the Dutch auction system.
All the bonds are a re-openings of previous issues and the result of the auction is expected to be published on March 12, the DMO said.