{"id":10109,"date":"2012-04-20T04:21:28","date_gmt":"2012-04-20T02:21:28","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/nigeria-to-raise-90-bln-naira-in-bonds-next-week\/"},"modified":"2012-04-20T04:21:28","modified_gmt":"2012-04-20T02:21:28","slug":"nigeria-to-raise-90-bln-naira-in-bonds-next-week","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/nigeria-to-raise-90-bln-naira-in-bonds-next-week\/","title":{"rendered":"Nigeria to raise 90 bln naira in bonds next week"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LAGOS, April 19<\/span> (Reuters) &#8211; Nigeria plans to auction 90<br \/>\nbillion naira ($571.68 million) in sovereign bonds<br \/>\nranging between 3 and 10 years at its regular auction on April<br \/>\n25, the Debt Management Office (DMO) said on Thursday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The debt office said it would sell 20 billion naira in<br \/>\n3-year paper with term-to-maturity of one year and 11 months, 35<br \/>\nbillion each in 5-year and 10-year paper, which are due to<br \/>\nmature in 2017 and 2022 respectively.<\/p>\n<p><span><\/span><\/p>\n<p>Two of the instruments are re-openings of previous issues,<br \/>\nwhile the 5-year bond is a new issue. The result of auction is<br \/>\nexpected to be released the following day.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The DMO reserves the right to alter the amount allotted in<br \/>\nresponse to market conditions,&#8221; it said in a public notice.<br \/>\n  Nigeria, Africa&#8217;s second-biggest economy after South Africa,<br \/>\nissues sovereign bonds monthly to support the local bond market,<br \/>\ncreate a benchmark for corporate issuance and fund its budget<br \/>\ndeficit.<\/p>\n<p><span><\/span><\/p>\n<p>The debt office had on Wednesday announced plans to raise<br \/>\nbetween 210 billion and 290 billion naira in sovereign bonds<br \/>\nranging between 3 and 10 years in the second quarter of the<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>($1 = 157.4300 naira)\t<\/p>\n<p> (Reporting by Oludare Mayowa; Editing by Joe Brock)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAGOS, April 19 (Reuters) &#8211; Nigeria plans to auction 90 billion naira ($571.68 million) in sovereign bonds ranging between 3 and 10 years at its regular auction on April 25, the Debt Management Office (DMO) said on Thursday. The debt office said it would sell 20 billion naira in 3-year paper with term-to-maturity of one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10109"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}