- As ghost of fuel subsidy removal lurks around
- Fuel price hike looms nationwide as marketers meet
- Headline inflation reaches 16.47 per cent
- Anxiety over Nigeria’s rising public debts
- Senate summons CBN Governor over ban on Cryptocurrency
- FG planning to replace BVN with NIN – Minister
- IMF rules out Nigeria’s full economic recovery before 2022
- Petrol landing cost rises to N180, oil crosses $60
- Ecobank Nigeria introduces Money Transfer Via SMS, WhatsApp
- WTO Council in final moves to announce Okonjo-Iweala as DG
DMO offers N150bn FG bond for January
- Updated: January 19, 2021
The Debt Management Office (DMO) has announced the offer of Federal Government (FGN) bonds January 2021, valued at N150 billion for subscription. Investment newsletter from Nigerian Investment Promotion Commission (NIPC), stated this according to a notification released by DMO over the weekend.
The statement revealed that the offer has three tranches: N50, 000,000,000 – 16.2884 per cent FGN March 2027 (10-year re-opening); N50, 000,000,000 – 12.50 per cent FGN March 2035 (15-year re-opening) and N50, 000,000,000 – 9.80 per cent FGN July 2045 (25-year re-opening).
Other key highlights of the recent offer includes: units of sale: N1, 000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter. The auction date is January 20, 2021, settlement date is January 22, 2021 while the interest payment is payable semi-annually.
Checks revealed that the latest FGN bond offer across three maturities is N90billion more than amount offered in the previous month (December 2020) at N60billion, indicating an increase of 150 per cent.
Sunnews