FG to sell N100 billion in bond

The Federal Government plans to auction N100 billion ($617 million) in bonds with tenors ranging from three to 20 years at auction next Wednesday, the Debt Management Auction (DMO) has said.

The DMO Click Here said Thursday that it will offer 15 billion naira in three-year, 50 billion naira in 10-year and 35 billion naira in 20-year debt.

All the bonds are re-openings of previous issues.

Ajibola Aderonke is an auditor at professional services firm Ernst & Young (EY). She previously worked another Big 4 accounting firm PwC. She can be reached at ajibolaaderonke@gmail.com for ideas and suggestions. The post above and its ensuing comments, if any, is purely the opinion of the writer.