By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s Debt Management Office (DMO) said on Wednesday it plans to raise N70 billion worth of Treasury bonds with maturities ranging between five-year and 20-year at an auction on June 17.
The DMO said it will issue a five-year bond to raise N40 billion, a 10-year paper to raise N15 billion and 20-year debt note to raise N25 billion on June 17, using the Dutch Auction System. The papers are re-openings of previous issues.
According to the Debt Management Office, units of sale is N1, 000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter.
