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Nigeria sells five, 10-and 20-year bond at flat rate of 16.19 pct -DMO
June 22, 2017 / 10:50 AM / 6 months ago

Nigeria sells five, 10-and 20-year bond at flat rate of 16.19 pct -DMO

LAGOS, June 22 (Reuters) - Nigeria has sold a five, 10- and 20-year debt at a flat rate of 16.19 percent at an auction on Wednesday to curtail borrowing cost as inflation declines, traders said on Thursday.

The Debt Management Office (DMO) raised a total of 99.26 billion naira, less than the 140 billion naira it wanted to raise, as it did not want to pay more for the notes. (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha)

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