Nigeria set for another N100 billion bond
In a move to provide adequate funding for the Federal Government of Nigeria, the Debt Management Office (DMO) has offered another N100 billion bond for subscription in December.
According to the DMO, through a circular issued on its official website, https://www.dmo.gov.ng/fgn-bonds/, the bonds are to be splitted in two.
The first is a 10-year N50 billion re-opening bond with a 12.50% coupon yield set to mature in January 2026.
The second class of bond is a 20-year N50 billion re-opening bond with a coupon yield of 16.2499%, set to mature in April 2037.
The auction date, according to the DMO, is set for Wednesday, December 15, 2021, with the settlement date scheduled to take place on Friday, December 17, 2021.
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