Nigerian yields seen flat at auction

Nigeria's last bond auction of the year next week may attract significant interest from Pension Funds Administrators' (PFA) companies wanting to lock in some of their funds although yields are likely to remain broadly flat. Nigeria said it would auction 64.10 billion naira ($397 million) in 10-year sovereign bonds with different maturity dates on Dec. 14 at its last monthly debt auction this year.
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Added December 09, 2011
from Businessday Nigeria