DMO offers four FGN bonds valued N360 billion for subscription

The Debt Management Office (DMO) has announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion.
According to a statement issued by the DMO through its official X handle, the first offer is due April 2029 FGN bond valued at N90 billion, at an annual interest rate of 14.55 per cent.There is also the June 2038 bond valued at N90 billion at an interest rate of 15.45 per cent (15-year re-opening).“For re-openings of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned plus any accrued interest on the instrument,” it said.