The Federal Government raised N111 billion ($703.73 million) at a bond auction on Wednesday, its second this year, with yields on the 2019 bonds marginally higher than at its previous auction, while yields fell on its 2012 bonds, the Debt Management Office (DMO) said yesterday.
The debt office, according to Reuters news, said it auctioned N35 billion each in the 10-year bonds due to mature in 2019 and 2022.
It issued an additional N41 billion in 2022 maturity paper in a non-competitive sale.
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