THUR, APRIL. 13 2023-theGBJournal |The Debt Management Office (DMO}, has listed four Federal Government of Nigeria (FGN) bonds on the Nigerian Stock Exchange Limited and FMDQ Securities Exchange Limited.
The bonds are valued at N360 billion for subscription at N1,000 per unit.
“All FGN bonds qualify as liquid assets for liquidity ratio calculation for banks,” the DMO said.
The first offer is a February 2028 FGN Bond valued at N90bn, at an interest rate of 13.98 percent per annum (10-year re-opening). The second offer is an April 2032 FGN Bond, valued at N90bn, with an interest rate of 12.50 percent per annum (10-year re-opening).
There is also the Jan 2042 FGN Bond valued at N90bn, with an interest rate of 13.00 percent per annum (20-year re-opening). The fourth offer is the March 2042 FGN Bond, also valued at N90bn, at an interest rate of 12.98 percent per annum. The auction date is April 17, and the settlement date is April 19.
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