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Nigeria plans to raise 105 billion naira ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15, the debt Management Office said on Tuesday.
The debt office said it will raise 50 billion naira from a local bond maturing in 2036, 40 billion naira on paper maturing in 2026 and 15 billion naira on debt maturing in 2020.
All the debt notes are reopenings of previously issued paper.
Africa’s biggest economy issues local bonds as part of measures to finance the government budget deficit and also help to manage liquidity in the banking system.
Nigeria said it would borrow about 900 billion naira locally to finance part of the 2.2 trillion naira deficit in its 2016 budget.
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