DMO Issues N70bn  in Bonds Amid Strong Demand 

Debt Management Office (DMO) has issued a three-year and a 10-year bond to domestic pension and offshore funds, raising N70 billion ($431 million) at yields lower than at its previous auction in April, the said on Thursday.
The DMO sold the three-year bond at 11.09 percent to raise 35 billion naira, 2.05 percentage points lower than the same tenor fetched at an auction in April.
It also sold 35 billion naira of the 10-year paper at 12.54 percent, compared with 13.10 percent last month.
Dealers said demand was strong, at N141.04 billion for the shorter bond and N97.99 billion for the longer one. ($1 =N 162.55) 
Source: Reuters

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