DMO issues fresh N360bn bond

The Debt Management Office, DMO, has announced the issuance of four bonds of N90 billion each, amounting to N360 billion.

DMO said January 30, 2023, is the commencement of the auction, while the settlement date is February 1, 2023, with a unit sale of 41.000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 after that. “N90 billion with 13.98 per cent, with a 10-year reopening; N90 billion with 12.50 per cent FGN with a 15-year reopening, N90 billion with 16.2499 per cent, 20 years reopening and N90 billion with 14.80 per cent and 30 years reopening.”

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