Lagos - The Debt Management Office (DMO) says it plans to raise N100 billion worth of bond in three categories in July.
According to DMO, the three bonds are in 20-year; 10-year and three-year bond categories.
The DMO said that it would issue N35billion worth of the 20-year bond; N50 billion for 10-year and N15 billion worth in the three-year bond category.
It also said that the three categories would mature in July 2034, March 2024 and August 2016 respectively.
It said that the 10-year and three-year bonds, which could be re-opened, had coupon rates of 14.20 per cent and 13.05 percent.
The DMO, however, added that the coupon rate for the 20-year bond had not been determined because it was a new bond.
It said that the bonds would be auctioned on July 16 while settlement date would be on July 18.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.