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DMO To Issue N95bn Bonds On Dec. 14

The office said it would sell N35 billion of a bond maturing in 2036; N25 billion of paper maturing in 2026 and N35 billion of debt maturing in 2021, using the Dutch auction system.

Results of the auction are expected to be released on the Wednesday, the 7th of December.

All the bonds on offer are reopenings of previous issues.

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Africa’s biggest economy issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit. (one dollar= N315.00) (Reuters/NAN)

DEBT MANAGEMENT OFFICEdmo
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