Nigeria sells 57.73 bln naira in bonds, yields rise

LAGOS (Reuters) - Nigeria has sold 57.73 billion naira in bonds with maturities of three or 20 years at higher yields than at a previous auction, data from the Debt Management Office (DMO) showed on Thursday. On Wednesday, the DMO sold 25.47 billion naira in 3-year notes maturing in August 2016 at 13.5 percent, up from 10.05 percent at the previous auction on August 14. The debt office sold 32.26 billion naira of 20-year bonds maturing in 2030 at 13.69 percent, compared with 13.48 percent at the previous auction. All the debt notes were re-openings of previously issued paper.