FGN

The Debt Management Office (DMO) has re-opened four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through a primary market auction window. According to a statement issued by the DMO on Tuesday, the bonds are a 13.98 per cent, February 2028 FGN Bond; a 12.50 per cent, April 2032 FGN Bond; a 16.25 per cent, April 2037 FGN Bond; and a 14.80 per cent , April 2049 FGN Bond. The four bonds are all valued at N90 billion, totalling N360 billion. According to the debt management…

The Debt Management Office (DMO) has re-opened three Federal Government of Nigeria (FGN) Bonds valued at N225 billion for subscription, for the month October. According to a statement by the DMO, the bonds are a 14.55 per cent, April 2029 FGN Bond; a 12.50 per cent, April 2032 FGN Bond; and a 16.24 per cent, April 2037 FGN Bond. The bonds have original tenors of 10 years, 10 years and 20 years, respectively. Opening date for the auction is Oct.17, while the settlement date is Oct.19.“ The bonds are offered at…

The Debt Management Office (DMO), on Monday announced the offer of two Federal Government of Nigeria (FGN) bonds for subscription. The first offer is a two-year FGN savings bond which will be due on May 18, 2024, at an interest rate of 7.93 per cent per annum. The second one is a three-year FGN savings bond which will be due on May 18, 2025, at 8.93 per cent per annum. According to the DMO, the opening date for the bonds is May 9, while the closing date and settlement date is May 18.…