The Debt Management Office on behalf of the Federal Government of Nigeria has announced that it is offering for Subscription by Auction and it is authorized to receive applications for the following bond offers:
- N150 billion FGN bond due in March 2027 (3-Yr New)
- N150 billion FGN bond with 18.50% interest rate due in February 2031 (7-Yr Re-opening)
- N150 billion FGN bond with 19.00% interest rate due in February 2034 (10-Yr Re-opening)
According to DMO, the Auction Date is March 18, 2024 and Settlement Date is March 20, 2024.
UNITS OF SALE:
N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter