DMO has offered two federal government savings bonds for subscription at N1,000 per unit.
According to the DMO, the first offer is an April 2029 FGN bond valued at N100 billion at an interest rate of 19.30 per cent per annum (five-year re-opening).
The federal government, through DMO, has offered three FGN bonds valued at N150 billion each for subscription at N1,000 per unit.
In a statement on Tuesday in Abuja, DMO said the first offer was a March 2027 FGN bond valued at N90 billion.
Nigeria’s total public debt stock hit N87.91 trillion ($114.35 billion) in Sept. 2023, according to the latest figures from the DMO.
On Monday, the Debt Management Office (DMO) listed two federal government savings bonds for subscription at N1,000 per unit.
It said that there was also a relatively moderate increase of N1.80 trillion in the domestic debt.
The bonds are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange.
According to correspondence from the presidency, Indian investors made financial pledges amounting to $14 billion during the Nigeria-India Presidential Roundtable and Conference in New Delhi.
The DMO said the first offer is a two-year FGN savings bond due on August 16, 2025, at an interest rate of 9.634 per cent per annum.
