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Home Business News Politics

FG Will Sell Bonds Worth N70 Billion

Editor by Editor
July 7, 2015
in Politics
Nigerian Bonds
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  • The Debt Management Office (DMO) plans to sell ₦70 billion ($351.85 million) worth of bonds next week, its seventh debt auction this year.
  • The DMO said, on Tuesday, it will issue ₦40 billion in five-year paper and N30 billion in the 20-year debt, using the Dutch Auction System on July 15.
  • All are the reopening of previously issued debt.
  • Last week the debt office said it would issue between ₦180 and ₦240 billion worth of bonds in the third quarter.

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