• Thu. Mar 30th, 2023

    Bond issue: DMO unfolds fresh N72bn borrowing plan in Q4  

    ByEditor

    Oct 5, 2022

    On October 17, the DMO said it would re-open a 14.55 percent, April 2029 bond valued at between N70billion and N80billion, with six years, six months term-to-maturity and an original tenor of 10 years.

    The office would also re-open a 12.50 percent, April 2032 FGN bond valued at between N70billion to N80billion, with a term-to-maturity of nine years, six months, and original tenor of 10 years.

    On the same date, the DMO said it would re-open a 16.24. 2037 FGN bond, valued at between N70billion and N80billion, with term-to-maturity of 14 years, six months, and original tenor of 20 years.

    On November 14, the DMO said it would, again, re-open the 14.55 percent, April 2029 FGN bond valued at between N70billion and N80billion, with term-to-maturity of six years, five months.

    Also, on November 14, the debt management agency said it would re-open the 12.50 percent, April 2032 FGN bond valued at between N70billion and N80billion, with term-to-maturity of nine years, five months, in addition to re-opening the 16.24 percent, April 2037 FGN bond valued at between N70billion and N80billion, with term-to-maturity of 14 years, five months.

    Then, on December 12, the DMO said it would re-open the 14.55 percent FGN bond valued at between N70billion and N80billion, now with a six years, four months term-to-maturity, apart from another 12.50 percent, April 2032 FGN bond, valued at between N70billion and N80billion, with term-to-maturity of nine years, four months.

    Again, on December 12, the DMO said it would also re-open the 16.24 percent FGN bond valued at between N70billion and N80billion, with term-to-maturity of 14 years, four months .

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