Nigeria plans to raise 90 billion naira ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said on Tuesday.
The debt office said it will auction 35 billion naira worth of the 5-year bond, 30 billion naira of the 10-year paper and 25 billion of the 20-year debt note, using the Dutch Auction System.
The 5-year debt note is a fresh issue, while the 10-year and 20-year bonds are re-openings of previously issued paper. Results of the auction are expected to be announced the following day, the debt office said in a notice.
