The Debt Management Office (DMO) says N100 billion worth of Federal Government bonds will be up for subscription on May 22.

The DMO said in a circular on its website on Tuesday in Abuja that the five-year re-opening bonds of N35 billion to mature in April 2023, was offered at 12.75 per cent.

It said that the 10-year re-opening bonds also of N35 billion to mature in April 2029 would be auctioned at 14.55 per cent.

The website said the N30 billion 30-year bonds, introduced in April, which would be due in April 2049, would be auctioned at 14.80 per cent.

Read Also: Finance, DMO approve N195bn to exporters for EEG settlement
According to the DMO, units of sale is N1, 000 per unit, subject to a minimum subscription of N50 million and in multiples of N1, 000 thereafter.

The DMO explained the bonds were backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment would be made on maturity date.

Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.

NAN

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

Send your press release/articles to [email protected], [email protected], Follow us on Twitter at @Nigerialawyers and Facebook @ facebook.com/thenigerialawyer

For Advert Inquiries Tele/+234 806 819 1709 E-mail: [email protected]

LRCN Publishes The Latest Supreme Court Judgements For March 2019, Bonanza Goes Underway   You can also see contacts below for more information: Our website: www.lawreportsofcourtsofnigeria.org Our email: [email protected] Our GSM Contact: 08035407994; 0809612061708037663407; 08171254468 Headquarter Address: 23A Agbonmoba Street,B/w 2nd and 3rd East Circular Roads, Benin City, Edo State.

Subscribe ToTheNigeriaLawyer News!