The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced the auction of N150 billion bonds for the month of July. DMO is therefore authorized to receive application for the following:
- N50 billion 10-year reopening bond at the rate of 13.98% which will mature in February 2028
- N50 billion 20-year reopening bond to at the rate of 12.4% which will mature in March 2036;
- N50 billion 30-year reopening bond at the rate of 12.98 per cent and mature in March 2050.
Auction date for the bond is Monday, July 19, 2021 and Settlement date is Friday, July 23, 2021