DMO to raise N70 billion in 3-, 10-year bond on June 11

Debt Management Office (DMO) said, on Friday, it plans to raise N70 billion  ($428 million) in three and 10-year bonds in an auction on June 11.

The DMO will  issue N35 billion each in the papers, maturing in August 2016 and March 2024 respectively.

The bond are re-openings of earlier issues, the debt office said in a public notice.