Economic News Update

FG to raise N340bn in bonds in Q4 – DMO

The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office said on Tuesday.

The debt office said it would auction between N90bn and N120bn worth of bonds maturing in 2021; N70bn-N100bn in the debt maturing in 2026; and N90bn-N120bn worth in the paper maturing in 2036.

 

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