Finance
DMO to raise N110bn next week, February 15
Nigeria plans to auction N110 billion local currency bonds on Feb. 15, its second debt sale this year, the Debt Management Office said.
The debt office said it would issue N45 billion of bonds maturing in 2021, N20 billion of 2026 paper, and N45 billion of bonds due in 2036, using the Dutch auction system.
Settlement for the bonds is expected on the following day. The bonds on offer are reopenings of previous issues.
Nigeroa sells sovereign bonds monthly to support the local debt market, create a benchmark for corporates and to fund its budget deficit.
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