The Central Bank of Nigeria sold N100bn worth of bonds at higher yields for three- and 10-year paper while it was able to offer lower yields on 20-year benchmark debt.

The Debt Management Office on Thursday said it sold N15bn of three-year debt at 11.49 per cent, 37 basis points higher than 11.12 per cent the paper fetched in August.

It also sold N50bn of 10-year debt at 12.23 per cent against 12.22 per cent previously.

The debt office sold N35bn worth of 20-year paper at 12.29 per cent, lower than 12.38 per cent at the previous auction.

All the debt notes were re-openings of previous issues, while total demand was up marginally to 175.99 billion naira compared with N174.01bn at the previous sale.

Punch