Proshare Logo
   Market Date: 23-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Nigeria to auction 70 billion naira in 2019, 2022 bonds

Category: Bonds

  Read (1495)
Nigeria to auction 70 billion naira in 2019, 2022 bonds


Thursday February 16, 2012

Nigeria said it will issue 70 billion naira ($442 million) in sovereign bonds maturing in 2019 and 2022 on Feb. 29, its second monthly debt auction this year, the Debt Management Office (DMO) said on Thursday.

The debt office said it would sell 35 billion naira of each bond. These are re-openings of previous issues with the auction result expected to be released the following day.

"The DMO reserves the right to alter the amount allotted in response to market conditions," it said in a public notice.

Nigeria, Africa's second-biggest economy after south Africa, issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.

Nigeria's central bank said it would auction treasury bills worth 149.65 billion naira at its bi-monthly debt auction next week.


Source: Reuters (Reporting by Oludare Mayowa)

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Bonds

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014