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FG to borrow N105bn via local bonds


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FG to borrow N105bn via local bonds

The Federal Government is planning to borrow N105bn ($345m) in local currency denominated bonds at an auction on October 12, the Debt Management Office has said.

 

The DMO said on Tuesday that it would raise N35bn each from debt maturing in 2021, 2026 and 2036, using the Dutch auction system. All the bonds are re-openings of previously issued debt.

 

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