Announcing the offer in Abuja, the DMO said that the bonds were offered at 1,000 per unit subject to a minimum subscription of ₦50 million and in multiples of ₦1,000 thereafter.
The first offer, as announced by the DMO, is an April 2029 FGN bond valued at ₦150 billion, at an interest rate of 19.30% annum, (Five-year re-opening). The second offer is a February 2031 FGN bond worth ₦150 billion at 19.50% interest rate per annum. (Seven-year re-opening).
There is also the May 2033 FGN bond worth ₦150 billion at an interest rate of 19.89% per annum, (nine-year re-opening).
