LAGOS – Yields on Nigeria’s naira-denominated bonds rose across the board at an auction on Wednesday, where about 112 billion naira ($563 million) worth of paper maturing in 2036, 2026 and 2020 was sold, the Debt Management Office (DMO) said on Thursday.
The debt office said it sold 50 billion naira of 2036 paper at 14.98 percent at Wednesday’s auction, compared with 13.90 percent at the previous auction last month.
It also sold 40 billion naira of 2026 debt at 14.40 percent, against 13.74 percent, and 22 billion naira of the 2020 debt at 14.20 percent against 13.24 percent.(Reuters)
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