FG to raise N50b in 2020, 2024 bonds

The Federal Government has concluded  plans to raise N50 billion in local currency denominated bonds maturing in February 2020 and March 2024 at its last debt auction of the year on Dec. 9.
According to the  Debt Management Office (DMO), it would sell N30b of the 2020 debt and 20 billion naira of the benchmark 2024 paper.
Reuters reports the bonds are a reopening of previously issued paper. Results of the auction will be published the following day, the debt office said.