The Debt Management Office (DMO), has reviewed its bonds’ issuance calendar for the third quarter of 2022.
According to the revised calendar, the DMO is scheduled to
raise about N720 billion through some re-opened Federal Government of Nigeria
(FGN) bonds.
On July 19, the office was scheduled to re-open a March 2025
FGN bond valued at between N70 billion to N80 billion, and at an interest rate
of 13.53 percent per annum.
It has two years, eight months maturity period, with the
original tenor of seven years.
On the same date (July 19), the DMO re-opened an April 2032
FGN bond valued at between N70 billion to N80 billion at a 12.50 percent
interest rate per annum.
Meanwhile, the term-to-maturity is nine years, nine months,
with the original tenor of 10 years.
Also, on July 19, the DMO re-opened a Jan 2042 FGN bond
valued at between N70 billion to N80 billion, at an interest rate of 13 percent
per annum, with a maturity period of 19 years, six months.
It had an original tenor of 20 years.
On Aug. 15, the DMO, again, re-opened the March 2025 FGN
bond, valued at between N70 billion to N80 billion, with an interest rate of
13.53 percent per annum.
It had a maturity period of two years and seven months.
On Aug. 15, it also re-opened the 2032 FGN bond valued at
between N70 billion to N80 billion at an interest rate of 12.50 percent per
annum.
Its Term-to-Maturity was now nine years, eight months.
On the same date, the DMO, again, re-opened the Jan 2032 FGN
bond valued at between N70 billion to N80 billion, at an interest rate of 13
percent per annum.
The maturity period was 19 years, and five months.
On Sept. 19, the DMO will, again, re-open the March 2025 FGN
bond valued at between N70 billion to N80 billion, at the rate of 13.53 percent
per annum.
The maturity period will now be two years, and four months.
On the same date (Sept. 19), the office will also re-open
the April 2032 FGN bond valued at between N70 billion to N80 billion, at a
12.50 percent interest rate per annum.
Its Term-to-Maturity will be nine years, seven months.
On Sept. 19, the DMO will re-open a March 2037 FGN bond
valued at between N70 billion to N80 billion, at an interest rate of 16.24
percent per annum.
It has a Term-to-Maturity of 14 years, seven months, and an original tenor of 20 years. NAN
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