DMO to auction N110bn worth of bonds, April 13
April 5, 2016 | 3:24 pm| | | Start Conversation
The Debt Management Office (DMO) says it is to raise N110 billion worth of bonds in three categories on April 13.
DMO made the disclosure in its April “Bond Circular” posted on its Website on Tuesday.
According to the organization, the three categories of bonds include 20-year bond, 10-year bond and five-year bond.
It said that the 20-year bond would be N50 billion, the 10-year bond (N40 billion) and N20 billion worth for the five-year bond.
It said the three categories of bonds would mature in February 2036, January 2026 and March 2020, respectively.
The DMO said that the three categories of bonds also had different coupon rates of 15.54 per cent, 12.50 per cent and 12.40 per cent, respectively.
It said that the settlement date would be April 15.
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