The Central Bank of Nigeria sold N100bn worth of bonds with maturities ranging between three and 20 years at auction on Wednesday, fetching higher yields than previously, the Debt Management Office said on Thursday.

The debt office said N15bn of three-year debt notes was sold, fetching 11.12 per cent, higher than the 11 per cent it got at the July auction, while N50bn of 10-year debt was sold at 12.22 per cent against 12.19 per cent previously.

A total of N35bn of the 20-year notes was sold at 12.38 per cent, compared with 12.14 per cent at last month’s auction.

All the debt notes were reopening of previous issues, while total demand fell to N174.01bn against N263.91bn last month.

Punch