DMO offers N225bn bonds for subscription

The Nigerian Debt Management Office, DMO has offered three Federal Government Bonds, which are valued at N225 billion for subscription.

 This disclosure is contained in a circular on the website of the DMO’s office.

 The bonds include; 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 Debt office said the bonds opening date for the auction is slated for Oct.17 and the settlement date is Oct.19, with original tenors of 10 years, 10 years and 20 years

The office explained that “The bonds are offered at N1,000 per unit subject to a minimum subscription of N50 million , and in multiples of N1,000 thereafter.”


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