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Home Economy

FG to raise 270-330b naira in bonds in Q4 -debt office

metro by metro
October 4, 2017
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FG plans to raise between 270 billion naira and 330 billion naira ($857 million – $1.1 billion) in local currency-denominated bonds in the fourth quarter, the Debt Management Office (DMO) said on Wednesday.

The debt office said it would auction between 135-165 billion naira worth of bonds maturing in 2021 and the same amount of the debt maturing in 2027.

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In its latest issuance calendar, the debt office said the bonds will be re-opened from previously issued debt.

Nigeria expects a shortfall of $7.5 billion for its 2017 budget, which it plans to raise in foreign loans from the World Bank, offshore and domestic markets.

Tags: bondsDMO
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