Business

Bonds: FG to Raise N60bn on April 22

Published

5 years ago

April 16, 2020

Bonds: FG to Raise N60bn on April 22

The Debt Management Office on Wednesday said the Federal Government will raise N60 billion through bonds subscription in April.

The auction, scheduled for April 22, will include a N20 billion five-year reopening bond that would mature in April 2023 at 12.75 per cent; a N20 billion 15-year reopening bond that would mature in March 2035 would be on offer at 12.50 per cent.

Also, another N20 billion 30-year reopening bond that would mature in April 2050 would be offered at 12.98 per cent.

According to DMO, the settlement date for the bonds to be auctioned is April 24.

Up Next

US Unemployment Benefits Hit 22m in 4 Weeks

Don't Miss

Spain, Austria Ease Lockdown Against WHO Warnings

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Investors King

Bonds: FG to Raise N60bn on April 22

You may like