Nigeria plans to raise 50 billion naira ($250 million) worth of local currency denominated bonds maturing in February 2020 and March 2024 on Nov. 11, the Debt Management Office said on Wednesday.
The debt office said it will issue 30 billion naira worth in the 2020 paper and 20 billion naira worth in the 2024 debt, using the Dutch Auction System.
All the debt is a reopening of previously issued paper while results of the auction will be released the following day.
Wednesday 4 November 2015
Nigeria to issue 50 bln naira in 2020, 2024 bonds
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