9 February 2011
Nigeria plans to sell 66.50 billion naira ($435.8 million) in 3-year and 5-year sovereign bonds on Feb. 16, its second debt auction of the year, the Debt Management Office (DMO) said on Wednesday.
The DMO said it would sell 36.50 billion naira in the 3-year paper and 30 billion naira in the 5-year debt instrument.
All the instruments are re-openings of previous issues, and the results of the auction will be available the next day, the DMO said in a statement.
The debt office had announced plans to raise a total of 126.50 billion worth of paper in February and March.
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