Reuters reports Nigeria aims to raise 100 billion naira ($615.8 million) in three local currency debt issues on July 16, including its new 20-year bond, the Debt Management Office (DMO) said on Wednesday.
The debt office said it will issue 35 billion naira in the 20-year bond and issue 15 billion naira in the three-year paper and 50 billion naira in the 10-year paper.
The three-year and 10-year bonds are reopenings of previous issues. ($1 = 162.40 naira). The DMO in march says Nigeria currently has a total debt public debt stock of $65billion (N10.1tr) with $9billion of it owed to foreign lenders, the balance $45billion owed to domestic lenders and another $9billion owed by states.