DMO to raise N100 billion in bonds

The Debt Management Office (DMO) plans to raise N100 billion ($615.8 million) in three local currency debt issues on July 16, including its new 20-year bond.

The DMO will issue N35 billion in the 20-year bond and issue N15 billion  in the three-year paper and N50 billion in the 10-year paper.

The three-year and 10-year bonds are reopenings of previous issues.