Bonds: FG to Raise N60bn on April 22

• 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.