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DMO to issue N70billion bond

By on April 9, 2015

The Debt Management Office (DMO) said it plans to raise N70 billion in sovereign bonds with maturities ranging between five and 20 years on April 15.

The debt office said in a notice on Tuesday that it would issue N30 billion in 5-year bond and N20 billion 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, a report by Reuters stated.