Nigeria spends $300m on debt payment amid worsening revenue
Ms. Patience Oniha, DG, DMO

Adebayo Obajemu

The Debt Management Office on behalf of the Federal Government of Nigeria has offered for subscription by auction the following:

N50 billion bond at the rate of 16.2884% due in March 2027.
N50 billion bond at the rate of 12.50% due in March 2035.
N50 billion bond at the rate of 14.80% due in April 2049.
The bonds which will be auctioned on May 19, 2021, have a settlement date of May 21, 2021.

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