Plans by the Debt Management Office, DMO, to raise N120 billion ($425 million) in bond maturing 2021, 2026 and 2036 on Wednesday, July 13 was stalled by system glitch at the Central Bank of Nigeria.
However, an official of the Debt Management Office said on Thursday, July 14, said the auction is currently ongoing.
“There was a system glitch at the CBN, which stalled the issuance on Wednesday, but the process is presently ongoing and will soon close,” DMO added.
In a public notice on Monday, July 11, the DMO said it will raise N40 billion at par in 2021 bond, while also raising N40 billion apiece in the 2026 and 2036 maturing bonds at the auction.
