The Debt Management Office (DMO) has announced it plans to raise N70 billion ($432.50 million) in 3-year and 10-year bonds next week at its fifth debt auction of the year.

The debt office said, on Thursday,  it would sell N35 billion apiece in 3-year and 10-year paper, using the Dutch auction system.

The debt notes are reopening of the previously issued.

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