FG to auction N150bn bonds in July

The strange yield curve

FG to auction N150bn bonds in July The Debt Management Office (DMO) on Monday, disclosed that the Federal Government will offer N150 billionn bonds for subscription in July. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50 billion each. They are 10-year reopening bond to be offered at the rate of 13.98 per cent and to mature in February 2028; a 20-year reopening bond to be offered at 12.4 per cent and mature in March 2036; and a 30-year reopening…

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Public debts by FG, 36 States, FCT hit N33.11trn in Q1 — DMO

Public debts

Public debts by FG, 36 States, FCT hit N33.11trn in Q1 — DMO     Nigeria’s total public debt stock that comprises of the debts of the federal government, 36 state governments and the federal capital territory (FCT) stood at N33.107 trillion or $87.239 billion as at March 31, 2021. According to the Debt Management Office (DMO), the total debt recorded an increase of 0.6 per cent or N192 billion from N32.915 trillion reported by the debt office in 2020 full year. The report by DMO states that debt stock…

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FG to auction N150bn bonds May 19

FG to auction N150bn bonds May 19

FG to auction N150bn bonds May 19     The Debt Management Office on Tuesday disclosed that the Federal Government would offer N150 billion bonds for subscription in May. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50 billion each. They are 10-year reopening bond to be offered at the rate of 16.2884 per cent and to mature in March 2027; a 15- year reopening bond to be offered at 12.5 per cent and mature in March 2035; and a…

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DMO announces May 2021 FGN savings bond offer for subscription

FGN savings bond

DMO announces May 2021 FGN savings bond offer for subscription     The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the May 2021 Federal Government Savings Bond to investors. This disclosure is contained in a circular issued by the DMO on May 3, 2021, and can be seen on its website noting that there are 2-year and 3-year savings bonds. The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the May 2021 Federal…

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FG to auction N150bn bonds in April

FG to auction N150bn bonds in April

FG to auction N150bn bonds in April     The Debt Management Office (DMO) on Wednesday disclosed that the Federal Government would offer N150 billion bonds for subscription in April. A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth N50 billion each. They are 10-year reopening bond to be offered at the rate of 16.2884 per cent and to mature in March 2027; a 15- year reopening bond to be offered at 12.5 per cent and mature in March 2035;…

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FG floats 2-3 Yrs savings bonds at 5.5%, 6.5% yield

FGN savings bond

FG floats 2-3 Yrs savings bonds at 5.5%, 6.5% rates   The Debt Management Office (DMO) has called on application for subscription into the federal government’s Savings Bond. In a statement on its website, DMO said the bond will be held by subscribers for two and three years and would yield 5.522 per cent and 6.522 per cent per annum respectively. It stated that the opening date is on April 6, 2021 which opened today. The offer will close on April 9, 2021, while the settlement date is April 14,…

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DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ

DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ

DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ   The Debt Management Office (DMO) has listed its third Sovereign Sukuk of N162.557 billion on the leading bourses in the country, The Nigerian Stock Exchange (NSE) and the FMDQ Securities Exchange. The Sukuk is a 7-year 11.200 per cent Al Ijarah Sovereign Sukuk Due 2027. The Sukuk which at the time of issuance was massively subscribed to the tune of ₦669.124 billion equivalent to 446 per cent oversubscription, was issued to finance 44 economic road projects across the six geo-geopolitical zones. With the…

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Debt Management Office plans N150bn bonds auction in March

FG to auction N150bn bonds May 19

Debt Management Office plans N150bn bonds auction in March   The Debt Management Office (DMO) has disclosed that the Federal Government will offer N150 billion bonds for subscription in March. A circular by the DMO on its website seen on Thursday showed that the breakdown of bonds comprised of three bonds worth N50 billion each. They are 10-year reopening bond to be offered at the rate of 16.888 per cent and to mature in March 2027; a 15- year reopening bond to be offered at 12.5 per cent and mature…

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FG to auction N150bn February bonds

FG to auction N150bn bonds in April

FG to auction N150bn February bonds   The Debt Management Office (DMO) has said the Federal Government will auction N150 billion worth of bonds by subscription on February 17. A circular by the DMO on Thursday showed that a N50 billion 10-year reopening bond maturing in March 2027 would be offered at 16.288 per cent; another N50 billion 15-year reopening bond maturing in March 2035 would be auctioned at 12.5 per cent. It will also offer the longest of them which is a N50 billion 25-year reopening bond maturing in…

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FG’s January bonds oversubscribed by N88.28bn

Nigeria’s public debt

FG’s January bonds oversubscribed by N88.28bn   The Federal Government’s bonds for January worth N150 billion which were auctioned on Wednesday were oversubscribed by N88.28 billion, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N238.28 billion, comprising of N91.84 billion for 16.29 per cent FGN March 2027 bonds; N106.37 billion for 12.5 per cent FGN March 2035 bonds; and N40.07 billion for 9.8 per cent FGN July 2045 bonds. The auction result added that out of the 125, 99 and…

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