The Federal Government of Nigeria at an auction on Wednesday raised N90 billion worth of bonds to mature in 2020 and 2026, the Debt Management Office has said.
According to the DMO’s auction result derived from its website on Thursday, it sold N40 billion of 2020 paper at 12.19 per cent lower than its 12.24 per cent in January sales.
It also sold N50 billion of 2026 paper at 12.39 per cent lower than 12.50 per cent in January.
Subscriptions from investors for the February 2020 bond, which was reopened, stood at N122.7 billion, while that of January 2026, which was also reopened, stood at N111.6 billion.
According to the summary, the settlement date for the auction is on Friday.