• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, October 2, 2023
Leadership News
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result
ADVERTISEMENT

DMO Auctions 3 FGN Bonds Worth N225bn

by Agency Report
1 year ago
in Business, News
Reading Time: 1 min read
DMO
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The Debt Management Office (DMO) has announced the listing of three Federal Government of Nigeria bonds valued at N225 billion for subscription via auction at N1,000 per unit.

 

The DMO made the announcement in a statement issued on yesterday in Abuja.

 

The first offer for N75 billion had been previously issued and has a maturity date of March 2025 at an interest rate of 13.53 per cent per annum (10-year re-opening).

 

There is also the N75-billion bond maturing in April 2032 at an interest rate of 13.5 per cent (10-year re-opening).

RELATED

Lagos NAJUC Gets New Executive Council

Lagos NAJUC Gets New Executive Council

18 mins ago
Lagos Clears Shanties, Obstructions Along Red Rail Line Project

Lagos Clears Shanties, Obstructions Along Red Rail Line Project

24 mins ago
CSU Records: Independence Of American Judiciary Behind Tinubu’s Defeat In US Court, Atiku’s Aide Replies Ogala

CSU Records: Independence Of American Judiciary Behind Tinubu’s Defeat In US Court, Atiku’s Aide Replies Ogala

27 mins ago
IHS Towers Wins Tech Innovation Awards 2023

IHS Towers Wins Tech Innovation Awards 2023

28 mins ago

 

The third one also is N75 billion, maturing in January 2042 at an interest rate of 13 per cent per annum (20-year re-opening).
According to the DMO, the bonds are subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter.
“For re-opening of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned plus any accrued interest on the instrument.
“Interest is paid semi-annually while the bullet payment is made on maturity,’’ it stated.
The DMO added that the bonds qualify as securities in which trustees could invest under the Trustee Investment Act.
“They qualify as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act; and for Tax Exemption for Pension Funds Administrators, among other investors.
“They are listed on The Nigerian Stock Exchange and qualify as assets for liquidity ratio calculation for banks,” it added.
“They are backed by the full faith and credit of the federal government and charged upon the general assets of the country,’’ it noted.

SendShareTweetShare
HOW CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTATE ISSUE PERMANENTLY
ADVERTISEMENT
Previous Post

Expired Ports Concession Agreement Ready In 45 Days –Minister

Next Post

Interswitch Unveils API Platform For Developers

YOU MAY LIKE

Lagos NAJUC Gets New Executive Council
News

Lagos NAJUC Gets New Executive Council

18 mins ago
Lagos Clears Shanties, Obstructions Along Red Rail Line Project
Business

Lagos Clears Shanties, Obstructions Along Red Rail Line Project

24 mins ago
CSU Records: Independence Of American Judiciary Behind Tinubu’s Defeat In US Court, Atiku’s Aide Replies Ogala
News

CSU Records: Independence Of American Judiciary Behind Tinubu’s Defeat In US Court, Atiku’s Aide Replies Ogala

27 mins ago
IHS Towers Wins Tech Innovation Awards 2023
Business

IHS Towers Wins Tech Innovation Awards 2023

28 mins ago
Next Post
Interswitch

Interswitch Unveils API Platform For Developers

TRENDING

  • COUP D’ ETAT: Tinubu Rallies ECOWAS As Gen Tchiani Emerges Niger Leader

    JUST-IN: Tinubu Approves N35,000 Provisional Wage For Federal Govt Workers

    0 shares
    Share 0 Tweet 0
  • UK Releases New Entry Requirement

    0 shares
    Share 0 Tweet 0
  • Mohbad: I Will Send You Back To Prison , Iyabo Ojo Threatens Kemi Olunloyo

    0 shares
    Share 0 Tweet 0
  • Ilebaye: 5 Things You Probably Didn’t Know About BBNaija All-Stars Edition Winner

    0 shares
    Share 0 Tweet 0
  • BREAKING: BUA Crashes Cement Price To 3,500 Per Bag

    0 shares
    Share 0 Tweet 0

RECENT UPDATE

Bradley Lowery: Man Charged Over ‘Taunting’ At Sheffield Match   
Sports

Bradley Lowery: Man Charged Over ‘Taunting’ At Sheffield Match  

by Leadership News.
17 mins ago

Read more
Lagos NAJUC Gets New Executive Council
News

Lagos NAJUC Gets New Executive Council

by Andrew Ojiezel
18 mins ago

Read more
Lagos Clears Shanties, Obstructions Along Red Rail Line Project
Business

Lagos Clears Shanties, Obstructions Along Red Rail Line Project

by Kingsley Okoh
24 mins ago

Read more

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In