Home Business DMO to raise bonds worth N65bn

DMO to raise bonds worth N65bn


LAGOS – The Debt Management Office (DMO) said it would raise N65 billion worth of bonds in three categories on Nov.12.

The DMO disclosed this in its ‘Bond Circular’ posted on its Website on Friday.

According to the DMO, the three categories of bonds will include a 20-year bonds, 10-year bonds and three-year bonds.

The DMO said that it would issue N25 billion worth of the 20-year bond, N30 billion in 10-year and N10 billion worth of the three-year bonds.

It said the three categories of bonds would mature in July 2034, March 2024 and August 2016, respectively.

The DMO said that the three categories of bonds opened with different coupon rates.

The 20-year, 10-year and three-year bonds would have coupon rates of 12.15 per cent, 14.20 per cent and 13.05 per cent, respectively.

It said that while the bonds would be auctioned on Nov.12, the settlement date would be Nov. 14.(NAN)

Previous articleMedia professionals converge on Owerri for Media Merit Award
Next articleNAN MD describes mother as quiet, woman of God

Leave a Reply