The Debt Management Office (DMO) says it plans to raise N70 billion worth of Federal Government bonds with maturity of three and 20 years.
The DMO disclosed this in its “September 2013 FGN Bond Circular” posted on its Website on Wednesday.
It said that the monthly debt auction would be on September 11.
The debt office said it would issue N35 billion each of the three-year bonds to mature in August 2016 and 20-year bond to mature in July 2030.
It also said that the issuance of the bonds would be through the Dutch Auction System (DAS), adding that the bonds would be re-openings of previous issues.
The DMO said that the three-year bonds would be issued at 13.05 per cent yield rate, while the 20-year bond would be issued at 13.48 per cent yield rate.
It would be recalled that the DMO in August sold two five-year and one 20-year paper.
It said that the five-year bonds worth N25 billion would mature in April 2015, while the 20-year bond worth N35 billion would mature in April 2017.
The DMO also said that the 20-year bond worth N25 billion would