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Nigeria to Sell ₦350 Billion in Bonds After Fitch Upgrade

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  • Five- and nine-year notes carry coupons of 19.30 % and 19.89 % respectively
  • Sale is part of a ₦13.8 trillion borrowing plan to fund infrastructure and reforms

Lagos, Nigeria – Nigeria will auction two reopened Federal Government bonds worth a combined ₦350 billion on 28 April, the Debt Management Office said on Wednesday, as Abuja presses ahead with plans to raise ₦13.8 trillion this year for infrastructure and economic initiatives. Both issues settle on 30 April.

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