Nigeria plans to raise 90 billion Naira ($475 million) in sovereign bonds with maturities ranging between 5 (five) and 20 (twenty) years at its next regular auction on Feb. 11, according to the Debt Management Office (DMO) on Tuesday.
The debt office said it will auction 35 billion Naira worth of the 5-year bond, 30 billion Naira of the 10-year paper and 25 billion of the 20-year debt notes, using the Dutch Auction System.
The 5-year debt note is a fresh issue, while the 10-year and 20-year bonds are re-openings of previously issued paper.
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