Nigeria to sell 90bn naira in 3, 10-year bonds

LAGOS: Nigeria plans to sell 90 billion naira ($547.61 million) of bonds with maturities of three years and 10 years on March 12 at its third monthly debt auction this year, the Debt Management Office said on Friday.

The debt office said it would issue 45 billion naira each of the three- and 10-year bonds, maturing in August 2016 and March 2024 respectively, using the Dutch Auction system.

The notes are re-openings of previous issues.