The federal government, through the Debt Management Office, has offered the Green Bond valued at N50 billion for subscription at N1,000 per unit.
The DMO said that no cash deposits would be accepted under the transition, except where such cash deposits had been made into the domiciliary accounts for not less than 30 days prior to the date of
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 first offer is a two-year FGN savings bond due on December 13, 2025, at an interest rate of 12.287 per cent per annum.
The Debt Management Office has offered for subscription four federal government bonds for August 2023 via auction.
The DMO says it is set to expand capital market offerings by listing its N130 billion Sovereign Sukuk on NGX and the FMDQ.
She commended some of the recent policies of the present administration as capable of enhancing debt sustainability.
The International Monetary Fund (IMF) has urged President-elect Bola Tinubu to take steps to increase the country’s revenue base.
According to the DMO, the bonds are offered at N1,000 per unit with a minimum subscription of N50 million and in multiples of N1,000 after that.
The Debt Management Office is set to unveil its federal government securities subscription portal to stakeholders in Lagos.
