DMO Says Nigeria Will Raise N100 billion In Local Bonds

The Debt Management Office (DMO) on Wednesday said that Nigeria will raise N100 billion naira in local currency denominated bonds with maturities ranging from between 5 and 20 years on March 16.

The DMO said it will raise 40 billion naira at par in the local bond maturing in 2036, 40 billion naira of the paper maturing in 2026 and 20 billion naira of the debt maturing in 2020

The 2026 and 2020 maturing notes are re-openings of previously issued paper, while the 2036 maturing note is a fresh issue.

Read more in Reuters