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The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150billion at N1,000 per unit.
Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent and 9.80 per cent, respectively.
It listed the auction date as April 21, while settlement date is April 23.
“Minimum units for sale are N50,001 thousand and in multiples of N1,000 thereafter.
“For re-openings 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 rate on the instrument,” the DMO said.
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DMO lists N150b FG bonds for auction
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The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150billion at N1,000 per unit.
Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent and 9.80 per cent, respectively.
It listed the auction date as April 21, while settlement date is April 23.
“Minimum units for sale are N50,001 thousand and in multiples of N1,000 thereafter.
“For re-openings 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 rate on the instrument,” the DMO said.
By Kadiri Abdulrahman
Abuja, April 6, 2021 The Debt Management Office (DMO), on Tuesday, opened two new Federal Government of Nigeria’s savings bonds for subscription at N1,000 per unit.
According to information obtained from the DMO’s official website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522 per cent per annum.
The second offer is a three-year bond due on April 14, 2024, at an interest rate of 6.522 per annum.
The bonds are opened at N1,000 per unit, with a minimum subscription of N5,000 in multiples of N1,000 thereafter and subject to a maximum of N50 Million.