DMO to sell N130bn worth of bonds

DMO to sell N130bn worth of bonds

The Debt Management Office (DMO) says it will raise N130billion worth of bonds in three categories on Jan. 18.

The DMO said this in its January “Bond Circular” posted on its website on Tuesday.

The News Agency of Nigeria (NAN) reports that the issuance will be the first in 2017.

According to the DMO, the three categories of bonds include a 20-year bond, a 10-year bond and a five-year bond.

It said the 20-year bond would be N40billion, the 10-year and five-year bonds would be worth N50billion and N40billion, respectively.

The DMO also said the three categories of bonds would mature in March 2036, January 2026 and July 2021, and have different coupon rates of 12.40 per cent, 12.50 per cent and 14.50 per cent, respectively.

It added that all the bonds would be “re-opening.’’ while the settlement date would be on Jan. 20. (NAN)
AWA/HAS/PIO

Leave a comment

Uju

Uju Valarie Ubatu, is a graduate of computer science, She is very vast on internet research and has a zeal for acquiring information from as many sources as possible.She loves to travel, meet people and watch programmes on TV.

No Comments Yet

Comments are closed

Notable Saying

"Leaders learn to leverage the problems that never go away in a way to create progress for the organization."
- Andy Stanley.

The Heraldng

Stay in touch with us on your social networks and never again miss out on any updates.

FOLLOW US ON

TEst
Get Latest News Delivered to your Box ASAP
Skip to toolbar