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Nigeria plans to raise 70 billion naira ($352 million) in sovereign bonds with maturities ranging between five and 20 years on April 15, the Debt Management Office (DMO) said.

The debt office said in a notice on Tuesday it will issue 30 billion naira in 5-year bond and 20 billion naira each in 10- and 20-year notes at an auction, using the Dutch Auction System.

All tenors are re-opening of previously issued papers, while results are expected the following day.

 ($1 = 199.05 naira)  - Reuters

 

Last modified on Wednesday, 08 April 2015
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