FG to auction N30bn bonds in October 21-DMO

The Debt Management Office has disclosed that the Federal Government would auction N30bn worth of bonds by subscription on October 21.

A circular by the DMO on Thursday showed the breakdown of the figure to include a N15bn 15-year reopening bond that would mature in March 2035 to be offered at 12.5 per cent; and another N15bn 25-year reopening bond that would mature in July 2045 to be auctioned at 9.8 per cent.

According to the DMO, the settlement date for the bonds to be auctioned is October 23.

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