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Nigeria to raise 135-235 billion naira debt in Q4

26 September 2013, 14:31

Lagos - Nigeria plans to issue between 135-235 billion naira in sovereign bonds maturing in August 2016 and July 2030 in the fourth quarter of the year, the Debt Management Office (DMO) said on Thursday.

The amount being proposed is within the volume of actual debt issuance in the third quarter, totalling 203.78 billion naira.

Latest date released by the DMO showed that it plans to auction between 45-80 billion naira each in 3-year and 20-year paper on October 16 and November 13, respectively, while the debt office will issue 45-75 billion naira of the same maturities on December 11.

All the bonds were re-openings of previous issues.

Tags lagos bonds

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