DMO re-opens 4 FGN bonds valued at N360bn for subscription

The Debt Management Office (DMO) has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1, 000 per unit.

The first offer is a February 2028 FGN Bond valued at N90bn, at interest rate of 13.98 per cent per annum (10-year re-opening).

The second offer is an April 2032 FGN Bond, valued at N90bn, with an interest rate of 12.50 per cent per annum (10-year re-opening).

There is also the Jan 2042 FGN Bond valued at N90bn, with an interest rate of 13.00 per cent per annum (20-year re-opening).

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The fourth offer is the March 2042 FGN Bond, also valued at N90bn, at an interest rate of 12.98 per cent per annum.

Auction date is April 17, and settlement date is April 19.

According to DMO, the bonds are listed on the Nigerian Stock Exchange Limited and FMDQ Securities Exchange Limited.

“All FGN bonds qualify as liquid assets for liquidity ratio calculation for banks,” it said. (NAN)