Nigeria Propose To Raise 100 Billion Naira At Bond Auction

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Nigeria plans to raise 100 billion Naira ($327 million) by selling sovereign bonds with maturities of 5 and 10 years on Dec. 13 2017, the Debt Management Office (DMO) said on Wednesday.

The debt office said it will raise 50 billion Naira each at($1 = N305.50 ) in of the maturities using the Dutch auction system.

The bonds are re-openings of previous issues and the result of the auction is expected to be published on Dec. 15, the DMO said.