Nigeria to raise 105bn naira in local currency bonds

LAGOS: Nigeria plans to raise 105 billion naira ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15, the debt Management Office said on Tuesday.

The debt office said it will raise 50 billion naira from a local bond maturing in 2036, 40 billion naira on paper maturing in 2026 and 15 billion naira on debt maturing in 2020.

All the debt notes are reopenings of previously issued paper.