FG announces N100bn bond offer for December 2021- DMO

The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has offered up for subscription by auction N100 billion worth of FGN bonds by auction in December 2021.

The breakdown of the N100 billion bond offer is as follows:

  • N50 billion bond at the rate of 12.50%, due in January 2026 (10-Yr Re-opening)
  • N50 billion bond at the rate of 16.2499% due in April 2037 (20-Yr Re-opening)

According to DMO, the auction date is set for the 15th of December 2021, while the settlement date is set for the 17th of December 2021.

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