Nigeria auctions 100 billion naira of 5-, 7-, 10-year bonds

Nigeria’s debt management office auctioned 100.9 billion naira ($327.8 million) of five-, seven- and 10-year bonds on Wednesday, it said in a statement.

The bonds were sold at 14.39 percent, 14.60 percent and 16.49 percent, respectively, the office said. The money from the auction will go towards financing Nigeria’s 2018 budget, its largest ever.$1 = 305.0500 naira. Reuters