The Debt Management Office has disclosed that the Federal Government will offer N150bn bonds for subscription in June.
They are 10-year reopening bond to be offered at the rate of 16.2884 per cent and to mature in March 2027; a 15- year reopening bond to be offered at 12.5 per cent with maturity date of March 2035; and a 30-year reopening bond to be offered at 12.98 per cent and mature in March 2050. For re-openings of previously issued bonds, , successful bidders would pay a price corresponding to the yield to maturity bid that cleared the volume being auctioned, plus any accrued interests on the instrument, the DMO stated.Read Also
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