Bonds: FG targets N720bn in Q3
The DMO is set to re-open 9 previously issued bonds.
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This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as made available by the Debt Management Office (DMO).
As shown in the calendar, the DMO will re-open nine previously issued FGN Bonds between July and September.
According to the calendar, on July 18, the DMO will re-open a 13 per cent, March 2025 FGN Bond valued at between N70 billion to N80 billion.
It has a maturity date of two years, eight months, with original 10-year tenor.
Also on July 18, the DMO will re-open a 12.5 per cent, April 2032 FGN Bond valued at between N70 billion to N80 billion.
It has nine years, nine months term-of-maturity; with 10-year original tenor.
The office will, again, re-open a 13 per cent, Jan. 2042 FGN Bond valued at between N70 billion to N80 billion on the same date.
It has 19 years, six months term-of-maturity, and an original tenor of 20-year.
On August 15, the DMO will re-open the 13.53 per cent, March 2025 FGN bond, valued at between N70 billion to N80 billion, with two years, seven months as term-of-maturity.
It has an original tenor of 10-year.
On the same date, it will re-open the 12.50 per cent, April 2032 FGN Bond, valued at between N70 billion to N80 billion; with a term-of-maturity of nine years, eight months.
It has a 10-year original tenor.
Again, on August 15, it will re-open the 13 per cent, 2042 FGN Bond, valued at between N70 billion to N80 billion; with 19 years, five months as term-of-maturity.
It has a 20-year original tenor.
The calendar also shows that, on September 19, the DMO will again re-open the 13.53 percent, March 2025 FGN Bond, valued at between N70 billion to N80 billion.
It has two years, six months term-of-maturity and 10-year original tenor.
Again, on Sept 19, the DMO will re-open 12.50, April 2032 FGN Bond valued at between N70 billion and N80 billion, with nine years, seven months as term-of-maturity.
It has a 10-year original tenor (length of time ). .
On the same date, the office will, again, re-open the Jan. 2042 FGN Bond valued at between N70 billion to N80 billion; with 19 years, four months as term-of-maturity.
It has an original tenor of 20-year.
The DMO also made it known that the calendar was provisional. Hence, it is subject to change at a short notice.
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