The Debt Management Office (DMO) has opened offers for the November auction of the Federal Government of Nigeria (FGN) Bond as well as the Savings Bond.
It is expecting to raise up to N360 billion through the FGN Bond auction.
According to the offer document, the debt office plans to raise N90 billion each from the 14.55 per cent FGN APR 2029 10-Year paper, 14.70 per cent FGN JUN 2033 10-Year paper, 15.45 per cent FGN JUN 2038 15-Year paper and 15.70 per cent FGN JUN 2053 30-Year bond.
All the FGN Bonds which will be auctioned next week Monday, November 13 are re-openings and the settlement date is set for Wednesday, November 15, 2023.
The debt office also released the offer document for the savings bond with the 2-Year FGN Savings Bond due November 15, 2025 being raised at 12.464 per cent per annum, while the 3-Year FGN Savings Bond due November 15, 2026 is being raised at 13.464 per cent per annum
The offer for this month’s Savings bond opened yesterday, Monday, November 6 and is expected to close on Friday, November 10, 2023. Settlement date is set for Wednesday November 15 with coupon payment dates set at February 15, May 15, August 15, November 15
We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →
Join Our WhatsApp Channel
