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Nigeria Debt Office to Sell 70 Billion Naira of Bonds

Dec. 7 (Bloomberg) -- Nigeria will offer 70 billion naira ($463 million) of bonds at an auction on Dec. 15, according to an announcement on the website of the Debt Management Office.

The sale includes 25 billion naira each of 3- and 20-year instruments, and 20 billion of 5-year paper, the Abuja-based agency said.

The coupon rates are 5.5 percent for the 3-year, 4 percent for the 3-year bond and 15 percent for 20-year instruments.

To contact the reporter on this story: Sam Olukoya in Lagos at solukoya2@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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