The Debt Management Office (DMO) said on Tuesday $302 million worth of government bonds will be put up for sale on Dec. 14, its last debt auction for the year.
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 following day. All the bonds on offer are re-openings of previous issues.
Nigeria, Africa’s biggest economy issues sovereign bonds monthly to support the local bond market,thus creating a benchmark for corporate issuance and funding for its budget deficit. (one dollar= N315.00)
