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FG to raise N105bn  in local currency bonds

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The federal government plans to raise N105 billion ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15, the debt Management Office said on Tuesday.
The Debt Management Office says it will raise N50 billion from a local bond maturing in 2036, N40 billion on paper maturing in 2026 and N15 billion on debt maturing in 2020.
All the debt notes are reopenings of previously issued paper.

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