The Debt Management Office revealed that Nigeria's debt stock increased by N2.381 trillion.
The new issue will be made to redeem the existing N30 billion bond which was issued at 16.48%.
Official: Nigerian Treasury bills calendar September - November 2020
Too much cash, low yields, nowhere to invest
The DMO pointed out that the story referred to documents that are incomplete and do not reflect the whole story.
FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria.
The FGN Savings Bond is backed by the full faith of the Federal Government of Nigeria.
