Globalinfo247.com Market Place

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.

Read Also: Helicopter carrying Chief of Defence Staff, wife crashes

Have you visited our Market Place Today? Follow this link to visit Globalinfo247.com Market Place now to check out our affordable products & services that might interest you and solve your current needs at a very cheap price. You can also Advertise your Own Products & Services at the Market Place for Free by clicking on this link to Get Started!

Leave a Reply

Your email address will not be published. Required fields are marked *