Nigeria to sell three- and 10-year bonds in second quarter

The federal government plans to auction a combined 75 billion naira ($454.5 million) and 105 billion naira ($636.4 million) of three-year and 10-year bonds during the second quarter, the country’s debt management office said on Monday.

It will raise 25 billion naira in three-year bills and 35 billion naira in 10-year notes respectively in each of April, May and June.

All are re-openings of previously issued debt.

Reuters