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Nigeria to raise 80 bln naira in 2020, 2024 bonds

Reuters

LAGOS (Reuters) - Nigeria plans to issue 80 billion naira ($400 million) worth of local currency denominated bond with maturities range between 5-year and 10-year on Oct 14, the Debt Management Office (DMO) said on Wednesday. The debt office said it will issue 40 billion naira each in the debt maturing in 2020 and 2024 respectively at yields to be determined through Dutch Auction System (DAS). All the bonds are reopenings of previous issues and results for the auction are expected the following day. ($1 = 199.0000 naira) (Reporting by Oludare Mayowa; Editing by Toby Chopra)