FG to sell N65b bonds on Dec 17

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The Federal Government plans to sell N65 billion ($359.7 mln) worth of sovereign bonds with maturities ranging between three- and 20-years on December 17, the Debt Management Office said on Thursday.

The debt office said it will sell N10 billion in three-year paper, 30 billion naira in 10-year paper and N25 billion in 20-year tenor.

All the bonds are a re-opening of the previously issued paper and the result of the auction is expected to be published a day after the auction.

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