Nigeria: FG Auctions N91 Billion Bonds As Equities Gains N35 Billion

13 March 2015

Lagos — The Federal Government Thursday said it raised N91 billion (about $456.14 million) at a bond auction held on Wednesday with yields rising by more than one percentage point across all tenors.

In a Reuters report, the Debt Management Office (DMO) said a total of N20billion worth of the five-year bond was sold at 16.49percent, up 95 basis points from 15.54percent from the previous sale in February.

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