Debt Management Office (DMO) will list three Federal Government of Nigeria bonds valued at N225 billion for a subscription via auction at N1,000 per unit today.
The first offer for N75 billion had been previously issued and has a maturity date of March 2025 at an interest rate of 13.53 per cent per annum (10-year re-opening).
There is also the N75 billion bond maturing in April 2032 at an interest rate of 13.5 per cent (10-year re-opening).
The third one is N75 billion, maturing in January 2042 at an interest rate of 13 per cent per annum (20-year re-opening).
According to the DMO, the bonds are subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter.
