Nigeria Content Online

Nigeria sold 60 billion naira in 5-year and 3-year sovereign bonds at
its first debt auction of the year, the Debt Management Office (DMO)
said on Thursday. The debt office sold 30 billion naira each in the
5-year and 3-year instruments at Wednesday’s auction with marginal
rates of 11.13 per cent and 10.40 per cent respectively, slightly lower
yields than at the previous auction in December. The bonds were issued
at 12 per cent each last month.