FG sells N79.62bn bonds of 5, 10-yr tenors
According to a circular posted on the website of the Debt Management Office (DMO), N27.18 billion worth of the bonds were allotted at 14.50 per cent in 31 successful bids to mature in July, 2021.
The amount allotted for the notes was lower than the N50 billion which was originally offered.
The DMO said that N52.44 billion bonds were allotted at 13.98 per cent in 68 successful bids to mature in Feb. 2028.
The July 2021 bond is re-opening of previous issues, while the February 2028 bond is a new 10-year issue.
ADVERTISEMENT
Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
ICPC boss urges Nigerians to take pride in honest work
JAMB releases 2024 UTME results — here’s how to check
How Tinubu transformed from a ‘gaffe master’ to an articulate president
Governors warned not to perish Tinubu's reformation agenda
Tinubu's courageous moves will free Nigerians from bondage - Shehu Sani
NAFDAC seizes 35 cartons of codeine syrup in Anambra raid
Ighodalo denies role in Shaibu's impeachment, claims tarnished reputation
Government is ashamed of its citizens begging in other African countries
Linda Ikeji to pay NBM of Africa ₦30 million for character defamation
ADVERTISEMENT