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Nigeria Just Sold N100b Bonds at a Higher Yield

Nairametrics by Nairametrics
September 18, 2014
in Uncategorized
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1. Reuters reports Nigeria sold 100 billion naira ($610.1 million) worth of bonds at higher yields for three- and 10-year paper while it was able to offer lower yields on 20-year benchmark debt.

2. The Debt Management Office on Thursday sold 15 billion naira of 3 year debt at 11.49 percent, 37 basis points higher than 11.12 percent the paper fetched in August.

3. It also sold 50 billion naira of 10-year debt at 12.23 percent against 12.22 percent previously.

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4. The debt office sold 35 billion naira worth of 20-year paper at 12.29 percent, lower than 12.38 percent at the previous auction.

Source: Reuters

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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