FGN offers ₦450 billion bonds for subscription at ₦1,000/unit

According to a release by the DMO, the first offer is the five-year re-opening of the April 2029 FGN bond valued at ₦150 billion, at an interest rate of 19.30%.

The second offer is the seven-year re-opening of the February 2031 FGN bond valued at ₦150 billion, at an interest rate of 18.50%. The third offer is a new, nine-year, May 2033 FGN bond valued at ₦150 billion.

“Auction date is the 13, and the settlement date is May 15.

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