The Debt Management Office says the Federal Government will on April 24, issue a 30-year bond for the first time.
Other bonds on offer are a 10-year new issue of N40 billion to mature in April 2029 and a five-year re-opening of N40 billion to mature in April 2023, which was offered at 12.75 per cent.Ms Patience Oniha, the Director-General, DMO had at a news conference on April 4, revealed plans by the Federal Government to issue the 30-year paper.
“The issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the Federal Government. She added that the 30-year issue would enable government raise long-term capital for infrastructure, serve as benchmark for private sector raising of long-term investment capital.Fed Govt okays N195b for EEG debt settlement
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Private airport operators get April 30 deadline to clear debts – Daily TrustThe Federal Airports Authority of Nigeria (FAAN) may soon withdraw security, fire-fighting and rescue services from some state and private airports over indebtedness running into billions of naira, Daily Trust has learnt. It was gathered that the authority had given the affected airports the final one-week ultimatum to pay up their debt or else its …
Source: Daily Trust - 🏆 13. / 51 Read more »