FG TO AUCTION N100BN BONDS MARCH 27
Written by thereachfm on March 22, 2019
The federal government, through the Debt Management Office (DMO) has said they will auction by subscription N100 billion worth of bonds on the 27th of March.
The DMO said in a circular on its website on Tuesday in Abuja, that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at 12.75 %.
The office in addition issued another seven-year re-opening bonds also of N40 billion to mature in March 2025 would be auctioned at 13.53 %.
The DMO explained that the bonds are backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment will be made on maturity date.