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• n  a method of selling in which the price is reduced until a buyer is found

News & Articles

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• Nigeria to raise 85 bln naira in 5-yr, 20-yr bonds
  LAGOS (Reuters) - Nigeria plans to sell 85 billion naira in bonds ranging between five and 20 years at its sixth monthly debt auction of the year on June 12, the Debt Management Office said on Friday. It said it would issue 25 billion naira each in debt notes maturing in April 2015 and 2017, and 35 billion naira in July 2030 paper, using the Dutch Auction system. All the notes are re-openings of ...
  June 7, 2013 - Reuters via Yahoo! News