- Nigeria’s sold a total of 80.20 billion naira ($403 million) in bonds maturing in Feb. 2020 and Aug. 2034 at an auction on Wednesday with mixed yields, Debt management Office (DMO) said on Thursday.
- Total bids stood at 153.48 billion naira, more than the 119.53 billion naira at the previous auction.
- A total of 40 billion naira of the Feb 2020 bond was sold at the auction, while additional 10.20 billion naira of same tenor paper was allotted on non-competitive basis.
- The 2020 paper fetched a yield of 15.38 percent, compared with 15.28 percent at the last auction.
- The debt office sold 30 billion naira in the Aug 2034 debt at 15.19 percent versus the 15.29 percent the paper fetched at the last auction.
- The 2020 debt closed at 15.41 percent at the secondary market on Wednesday, while the 2034 paper closed at 15.19 percent.
- Source: Reuters
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