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Nigeria raises N110 billion bonds to mature in 2021, 2026, 2036

DMO DG, Dr. Abraham Nwankwo
DMO DG, Dr. Abraham Nwankwo
The Federal Government on Wednesday, at an auction, raised N110 billion worth of bonds to mature in 2021, 2026 and 2036, the Debt Management Office (DMO) has said.

According to DMO’s auction result obtained from its website on Wednesday, it sold N40 billion of 2021 paper at 14.50 per cent.

It also sold N30 billion of 2026 paper at 12.50 per cent and N40 billion of 2036 paper at 12.40 per cent.

The summary stated that an additional N109.5 billion of the 14.50 per cent July 2021 bonds was allotted on non-competitive basis.

Subscriptions from investors for the July 2021 bond, which was reopened, stood at N74.37 billion, while that of January 2026, which was also reopened, stood at N71.06 billion.

Subscriptions for the March 2036 bond which was also reopened stood at N64.86 billion.

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