The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced that the offer for subscription by auction the following bond issuance:
- N60 billion FGN bond at the interest rate of 19.30%, due in April 2029 (5-Yr Re-opening)
- N60 billion FGN bond at the interest rate of 18.50%, due in February 2031 (7-Yr Re-opening)
According to DMO, the auction date is December 16, 2024 while settlement date December 18, 2024.
UNIT OF SALES:
N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.