• Nigeria to sell N95bn in bonds next week – DMO

    Nigeria to sell N95bn in bonds next week – DMO

    Nigeria plans to sell N95bn ($301.8m) of bonds on November 16, the Debt Management Office said on Friday.

    The office said it would sell N35bn of a bond maturing in 2036, and N25bn of paper maturing in 2026.

    Thirty five billion dollars of debt is maturing in 2021 using the Dutch Auction System.

    Results of the auction are expected to be released on the following day. All the bonds on offer are reopening of previous issues.

    Africa’s biggest economy issues sovereign bonds monthly to […]