Debt Management Office reopens ₦360 billion FGN bonds for subscription

In a statement on Tuesday in Abuja, DMO said that the first offer was a March 2027 FGN Bond valued at ₦90 billion. It said that the bond had an interest rate of 16.2884% per annum (10-year re-opening).

According to DMO, the second offer is an April 2029 FGN Bond worth ₦90 billion with an interest rate of 14.55% per annum (10-year re-opening). The third is the June 2033 FGN Bond valued at ₦90 billion. It has an interest rate of 14.70% per annum (10-year re-opening), according to DMO.

The fourth offer is a June 2038 FGN Bond also valued at ₦90 billion. It has a 14.43% interest rate per annum (15-year re-opening), DMO said.