19 April 2018, Sweetcrude, Lagos – The Federal Government will sell N90 billion worth of bonds this month, a document by the Debt Management Office, DMO, has revealed in a circular.
According to the document released on Tuesday, the bonds will be auctioned on April 25, while the settlement date was fixed for April 27.
the government will auction N30 billion 5-7 years new issue, N30 billion at 13.53 percent 7-year re-opening, and N30 billion 13.98 percent 10-year re-opening.
A unit will be sold at N1,000, subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.
While the 7-year re-opening bond will mature in March 2025, that of 10-year re-opening will mature in February 2028, according to the circular.