Markets

Nigeria raises 44bn naira in bonds at higher yields

Published July 16, 2015 Updated July 16, 2015 01:03pm

1 min

By Shoaib Ur Rehman

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LAGOS: Nigeria raised 44 billion naira ($221 million) at a bond auction on Wednesday, selling the notes at yields higher than its last sale in June, the Debt Management Office (DMO) said.

A total of 119.53 billion naira bids were received for the 5- and 20- year bonds, the DMO said.

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