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DMO announces two bonds for subscription from Nigerian govt


DMO: Domestic debt servicing increased by over N247bn in 2017

The Debt Management Office (DMO), has announced the offer of two Federal Government of Nigeria (FGN) bonds for subscription.

The DMO stated this in a notice published on its Website on Monday.

The first offer is a two-year FGN savings bond, which will be due on May 18, 2024, at an interest rate of 7.93 per cent per annum.

The second one is a three-year FGN savings bond, which will be due on May 18, 2025, at 8.93 per cent per annum.

Read also :DMO begins Q2 borrowing, as it opens two FGN savings bonds

According to the DMO, the opening date for the bonds is May 9, while the closing date and settlement date is May 18.

Coupon payment dates are August 18, Nov. 18, Feb. 18 and May 18.

“The bonds are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million,” the DMO said.

The post DMO announces two bonds for subscription from Nigerian govt appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.


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50 CommentsDrop a Comment
  1. Dylan Rooney

    - May 25, 2022 at 12:01 am

    View

    Reply
  2. Nicolas

    - May 14, 2022 at 9:37 am

    Hummm 🤐🤐🤐

    Reply
  3. Emma11

    - May 12, 2022 at 11:07 pm

    Subscription

    Reply
  4. UMOAKPAN

    - May 12, 2022 at 1:17 pm

    Hummmmm

    Reply
  5. Mideyb

    - May 11, 2022 at 7:30 pm

    Issokay ooo

    Reply
  6. Anaebo chinenye vivian

    - May 11, 2022 at 12:35 pm

    ok

    Reply
  7. Kinglion1122

    - May 11, 2022 at 11:32 am

    It’s clear

    Reply
  8. Babatunde samson

    - May 11, 2022 at 7:19 am

    Ok

    Reply
  9. afeezhamzat

    - May 11, 2022 at 5:28 am

    FG and we updated

    Reply
  10. Flexy skido

    - May 11, 2022 at 4:48 am

    seen

    Reply
  11. Teedee

    - May 10, 2022 at 8:05 pm

    Nice update

    Reply
  12. Queendy3158

    - May 10, 2022 at 7:17 pm

    Noted

    Reply
  13. HOGARIZONA

    - May 10, 2022 at 7:02 pm

    Noted

    Reply
  14. essentials

    - May 10, 2022 at 6:51 pm

    Thanks for the update

    Reply
  15. Olagunju Funmilayo Grace

    - May 10, 2022 at 6:46 pm

    Seen

    Reply
  16. Emmyshem

    - May 10, 2022 at 6:36 pm

    Correct

    Reply

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