The Debt Management Office (DMO) has initiated the November auction of Federal Government of Nigeria (FGN) Bonds and Savings Bonds, aiming to generate up to N360 billion in funding…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
According to the offer document, the DMO intends to raise N90 billion for each of the following FGN Bonds: 14.55% FGN APR 2029 (10-Year), 14.70% FGN JUN 2033 (10-Year), 15.45% FGN JUN 2038 (15-Year), and 15.70% FGN JUN 2053 (30-Year).
These FGN Bonds are scheduled for auction on Monday, November 13, with a settlement date of Wednesday, November 15, 2023.
Additionally, the DMO has released the offer document for the Savings Bond. The 2-Year FGN Savings Bond due November 15, 2025, is being offered at a rate of 12.464% per annum, while the 3-Year FGN Savings Bond due November 15, 2026, is available at 13.464% per annum.
The offer for this month’s Savings Bond opened on Monday, November 6, and is slated to close on Friday, November 10, 2023. The settlement date for these bonds is set for Wednesday, November 15, with coupon payment dates on February 15, May 15, August 15, and November 15.
