LAGOS May 11 Nigeria sold fewer bonds at
auction than expected as the yields on offer failed to attract
foreign investors worried about currency risk, traders said.
The Debt Management Office (DMO) raised 100 billion naira
($318 million) of the 140 billion naira it had targeted.
The auction took place on Wednesday and the results were
announced on Thursday.
Traders said subscriptions were low because yields were
priced lower than the inflation rate, noting the debt office had
pushed to sell more of its 20-year note.
($1 = 314.50 naira)
(Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha and