LAGOS: Nigeria sold 110 billion naira ($698.86 million) worth of bonds with maturities ranging from five years to 20 years at higher yields across, apart from a note maturing in 2015, the Debt Management Office (DMO) said on Thursday.
All notes are re-opening of previously issued bonds.
The debt office said it sold 35 billion naira in the 20-year bond, 25 billion naira in the 7-year paper and 50 billion in the 5-year notes.
The DMO sold the 20-year notes at a yield of 12.79 percent, higher than the 12.59 percent at the April auction and the 7-year paper was sold at 11.77 percent against 11.5 percent at the April auction.
It sold the 5-year note maturing in 2017 at 12.25 percent compared with 10.7 percent at the March auction and the 5-year note maturing in 2015 at 11.6 percent against 15.3 percent it yielded at the October 2011 auction when it was last issued.
Comments
Comments are closed for this article.