Wednesday, July 18, 2007

Nigeria to auction $1.26 bln in bonds in Q3

(Reuters) - Nigeria is to raise 161 billion naira from the auction of bonds in the third quarter to fund the budget deficit and deepen the capital market, the Debt Management Office (DMO) said on Wednesday.

Africa's top oil producer sold 270 billion naira worth of long-term bonds in the six months of this year, made up of 110 billion naira in the first quarter and 160 billion in the second.


Read more at Reuters Africa

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