Sunday, June 22, 2025

DMO lists $1.25 billion eurobond on NSE, FMDQ

The Debt Management Office (DMO) is set to list the 8.375 per cent, $1.25billion, March 2029 eurobond on the Nigerian Stock Exchange (NSE) and FMDQ Securities Exchange Limited.

• July 7, 2022
DMO DG Patience Oniha
DMO DG, Patience Oniha

The Debt Management Office (DMO) is set to list the 8.375 per cent, $1.25billion, March 2029 eurobond on the Nigerian Stock Exchange (NSE) and FMDQ Securities Exchange Limited.

The DMO disclosed this in a statement on Thursday.

It said the eurobond was issued in March, based on approval in the 2022 budget, and further approval by the National Assembly and the Federal Executive Council.

The DMO explained that the eurobond had earlier been listed on the London Stock Exchange. It said the listing of the eurobond on the NSE and FMDQ was an indication that DMO was committed to boosting the domestic capital market activities and creating opportunities for local players.

“The DMO will today Thursday list 8.375 per cent, $1.25 billion, March 2019 eurobond on the NSE and FMDQ. The eurobond was issued in March based on approvals in the 2022 Appropriation Act and subsequent approvals received from the National Assembly and FEC,” it noted.

DMO added, “Its proceeds were used for financing capital projects in the Appropriation Act. In addition, the proceeds contributed to an increase in external reserves.”

The DMO had in 2019, listed the first eurobonds, $2.50 billion and $2.86 billion on the NSE and FMDQ Securities Exchange.

Also, earlier in the week, the DMO listed a N250 billion 10-year 13.0 per cent FGN Sovereign Sukuk, due 2031 on the NSE and FMDQ. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Peter Obi

Hot news Home top

Tinubu watching Nigeria become killing field, corruption hub, demarketing our country: Peter Obi

Mr Obi noted that widespread killings under Mr Tinubu’s watch was demarking the country before the international community.

Joseph Chu’ma Otteh

Opinion

How Joseph Chu’ma Otteh changed human rights enforcement in Nigeria

He had every opportunity to deploy his prodigious talents and considerable skills in the pursuit of personal fortune, and no one could have begrudged him.

Lions Club

NationWide

Lions Club urges privileged Nigerians to assist vulnerable people

Mr Fatoki said that the government should not be left to do everything.

U.S fighter planes

Hot news Home top

World leaders react as U.S. enters Israel-Iran war, bombs three nuclear sites in Iran

The Cuban president stated that he strongly condemned the U.S. bombing of Iran’s nuclear facilities.

Benue attacks

Hot news Home top

Yelwata: 50 fake internally displaced persons nabbed in Benue

Mr Kunde said that criminals had infiltrated the IDPs camp opened for victims of Yelwata attack.