Debt Management Office to Raise $1.56 Billion

The issuance calendar for the Federal Government of Nigeria’s (FGN’s) bonds for the third quarter (Q3) 2013 has shown that the Debt Management Office (DMO) plans to raise between ₦140 billion ($870 million) and ₦250 billion ($1.56 billion) over the next three months.

When compared with the range of ₦230 billion to ₦410 billion for the second quarter of the year, it showed that the DMO is concerned at the lull situation in the market by reducing its activities.