LAGOS – 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) (Reporting by Oludare Mayowa; Editing by James Macharia)(Reuters)
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