19 April 2018, Sweetcrude, Lagos — The federal government of Nigeria will sell bonds valued at N90 billion this month, a document from the Debt Management Office, DMO revealed.
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 years 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.