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DMO To Raise N110bn Bond In Auction| The Precision

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The Debt Management
Office (DMO) said on Wednesday that Nigeria is planning to raise 110 billion naira by selling sovereign bonds
with maturities of five and 10 years on Jan. 24, 2018.

Using the Dutch auction system, the debt office said it will
raise 50 billion naira with the five-year bond and 60 billion naira with
the 10-year paper.


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The bonds are re-openings of previous issues and the result of the auction is expected to be published on Jan. 26, the DMO said.

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