The Federal Government raised 121 billion Naira worth of bonds at an auction on Wednesday with yields higher across the board.
According to the Debt Management Office, 15 billion Naira of 2021 paper was sold at 15.14 percent, 30 billion Naira of 2026 debt at 15.53 percent and 60 billion Naira of 2036 debt at 15.59 percent.
The debt office also allotted an additional 16 billion Naira worth of the 2021 debt on a non-competitive basis to mandate clients.
