The
Federal Government plans to raise N70 billion ($353 million) worth of
Treasury bonds with maturities ranging between five-year and 20-year at an
auction next week, the Debt Management Office (DMO) said on Wednesday 10th June 2015.
The DMO
said it will issue a five-year bond to raise 40 billion Naira, a 10-year paper
to raise 15 billion Naira and 20-year debt note to raise 25 billion Naira on
June 17, using the Dutch Auction System.
The
papers 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.
