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FG raises N105bn naira in local currency bonds

The Debt Management Office (DMO) has said that Nigeria plans to raise 105 billion naira ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15,.

According to a report of Reuters monitored by Business247, the DMO said it will raise 50 billion naira from a local bond maturing in 2036, 40 billion naira on paper maturing in 2026 and 15 billion naira on debt maturing in 2020.

All the debt notes are reopening of previously issued paper.

 

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