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DMO DG, Dr. Abraham Nwankwo.

DMO: Nigeria to issue N95bn bonds December 14

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Nigeria plans to sell N95 billion ($302 million) worth of bonds on December 14, its last debt auction for the year, the Debt Management Office (DMO) said on Tuesday.
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.

 DMO DG, Dr. Abraham Nwankwo.

DMO DG, Dr. Abraham Nwankwo.
Results of the auction are expected to be released on the following day.
All the bonds on offer are reopenings of previous issues.
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.

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