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Ericsson predicts 930m mobile internet subscriptions in 2019

News » Health and Beauty

13th June 2014

The Debt Management Office (DMO) said, on Thursday, that it sold a combined N85.17 billion ($521.33 million) in three-year and 10-year bonds to mostly local pension funds and some offshore investors.

The debt office sold N30 billion worth of 3-year bonds at an 11.35 percent yield, up from the 11.09 percent the same tenor fetched at an auction last month.

A total of N50 billion was sold in the 10-year paper at 12.24 percent, down from 12.54 percent at the previous auction. In addition, the DMO issued N5.17 billion in 10-year bonds on a non-competitive basis to the central bank.

Nigeria had initially offered to sell N35 billion each in the 3-year and 10-year papers.

Demand at the auction stood at N204.53 billion, lower than N239.03 billion received at last month’s auction.


Article Credit: Businessday

Updated 5 Years ago

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