Nigeria will next week head to the debt market where it plans to raise up to 90 billion naira.

According to the Debt Management Office, DMO, the government will auction 90-billion-naira worth of bonds on April 25 and raise additional debt between May and June as part of its second quarter issuance programme.

The government aims to raise 100-160 billion naira in May and June from bonds maturing in 2023, 2025 and 2028, its auction calendar showed. The bonds are re-openings of previous issues, except for the 2023 which is a new issue.

Also Read: What You Didn’t Know About The Nigerian Savings Bond

The April sale, also of bonds maturing in 2023, 2025 and 2028, will be settled two days later, it said.

Meanwhile the Savings bond auction for April 2018 had been concluded as it ran from Monday, April 9th to Friday, April 13th, 2018.

The 2-year FGN Savings Bond will mature in April 18th, 2020 and the 3-year FGN Savings Bond will mature in April 18th, 2021 and will be offered at 10.75% and 11.75% per annum respectively.

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