Nigeria has raised the interest rate on its reopened 7-year local bond by 2.10 percentage points to 18%, according to results from the Debt Management Office (DMO) August auction. The DMO offered N200 billion in local bonds at the primary market, a sharp increase from N80 billion in July. The auction featured a new FGN … Continue reading Nigeria Raises Yield On 7-Year Bond Reissue To 18%