Home » News »  FEDERAL GOVERNMENT OFFERS 135 BILLION NAIRA BONDS FOR SUBSCRIPTION IN ITS AUGUST 23 AUCTION

 FEDERAL GOVERNMENT OFFERS 135 BILLION NAIRA BONDS FOR SUBSCRIPTION IN ITS AUGUST 23 AUCTION

The Debt Management Office (DMO) says the Federal Government has offered for subscription 135 billion naira bonds in its August 23 auction.

The offering circular obtained from the DMO’s website on Tuesday in Abuja indicated that it would sell 35 billion naira of a bond to mature in July, 2021, at 14.50 per cent.

It would also sell 50 billion naira at 16.28 per cent to mature in March 2027, while another 50 billion naira of paper would be sold at 16.24 per cent, to mature in April 2037.

The circular said all the bonds on offer are reopening of previous issues.

Nigeria issues sovereign bonds monthly to support the local bond market.

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