We reported yesterday that Nigeria was set to auctions bonds of between N215b and N305billion for the first quarter of 2015. Reuters now reports the government did indeed sell bonds (selling bonds is a nice way of saying we borrowed) N72billion at interest rates ranging from 15.2% to15.48%. Here are the details;
- Nigeria sold 72 billion naira of sovereign bonds at an auction on Wednesday
- The debt office sold 28 billion naira in 2034-bond at 15.48 percent, compared with 15.49 percent at the previous auction last month and 20 billion naira in 2024-bond, at 15.43 percent against 15.2 percent at the previous auction.
- A total of 24 billion naira in 2017-bond was sold at 15.2 percent, compared with 13 percent the note was last auctioned in June 2013.