FG To Borrow N720bn In 3-Month
…As DMO offers two FG Savings Bonds for subscription
The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) Bonds Issuance Calendar for the fourth quarter of 2022 with a plan to raise from the debt capital market N720 billion.
Also, the debt office has announced the offering of two FGN savings bonds for subscription.
Nigeria’s debt agency’s calendar borrowing plan has been split at the same amount over four consecutive quarters to support the budget gap. According to the calendar, on Oct. 17, the DMO will re-open a 14.55 per cent, April 2029 bond valued at between N70 billion and N80billion, with six years, six months term-to-maturity and an original tenor of 10 years.
The office will also re-open a 12.50 per cent, April 2032 FGN bond valued at between N70 billion to N80 billion, with a term-to-maturity of nine years, six months, and an original tenor of 10 years.
On the same date, the DMO will re-open a 16.24. 2037 FGN bond, valued at between N70 billion and N80 billion, with term-to-maturity of 14 years, six months, and an original tenor of 20 years.
On Nov. 14, the DMO will, again, re-open the 14.55 per cent, April 2029 FGN bond valued at between N70 billion and N80 billion, with term-to-maturity of six years, five months.
Then, on Dec. 12, the DMO will re-open the 14.55 per cent FGN bond valued at between N70 billion and N80 billion, now with six years, four months term-to-maturity.
Also, on Dec. 12, it will re-open the 12.50, April 2032 FGN bond, valued at between N70 billion and N80 billion, with a term-to-maturity of nine years, and four months.
Again, on Dec. 12, it will re-open the 16.24 per cent FGN bond valued at between N70 billion and N80 billion, with a term-to-maturity of 14 years, four months.
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