The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced its offering for Subscription by Auction for the following bonds:
- N90 billion – 14.55% FGN bond due in April 2029 (10-Yr Re-opening)
- N90 billion – 14.70% FGN bond due in June 2033 (10-Yr Re-opening)
- N90 billion – 15.45% FGN bond due in June 2038 (15-Yr Re-opening)
- N90 billion – 15.70% FGN bond due in June 2053 (30-Yr Re-opening)
According to DMO the Auction date for the bond is November 13, 2023 while settlement date is November 15, 2023.
UNITS OF SALE:
N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.