• Privacy Policy
  • Terms
  • About us
  • Contact Us
Thursday, June 8, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

DMO lists N225bn FGN bond for subscription by auction

Bonds

The Matters Press by The Matters Press
May 12, 2022
Reading Time: 1 min read
0
Nigeria floats $4bn Eurobonds

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN), bonds valued at N225bn, for subscription through auction.

RELATED POSTS

Motorists shun petrol filling stations as pump price peaks

Depot associations support subsidy removal, pledge 100 mass transit buses

Naira extends stability at investors, exporters window

The DMO announced the bonds offer in a statement on Thursday.

The offers are N75bn, March 2025 FGN bond, at 13.53 per cent interest rate per annum (10 year re-opening) and N75bn, April 2032 FGN bond at 12.50 interest rate per annum (10-year re-opening)

The third offer is N75bn, January 2042 FGN bond, at 23 per cent interest rate per annum (20-year re-opening).

ALSO READ  Bread to cost more as bakers call-off strike

The FGN bonds are offered at N1.000 per unit, subject to a minimum of N50m and in multiples of N1,000 thereafter.

“For re-openings of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus any accrued interest on the instrument.

“Interest is payable semi-annually, while the bullet repayment is on the maturity date, ” the DMO said.

It said that the FGN bonds qualify as securities in which trustees can invest under the Trustee Investment Act.

“They also qualify as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for Tax Exemption for Pension Funds, among other investors.

ALSO READ  High cost of production forces 40 bakeries out of business

“They are listed on The Nigerian Stock Exchange and qualify as a liquid asset for liquidity ratio calculation for banks.

“FGN bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria, ” it said.

Tags: BondsBread
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

July petrol pump price ranges between N140.80 and N143.80
Economy/Technology

Motorists shun petrol filling stations as pump price peaks

June 8, 2023
Stable petrol supply excites Buhari
Economy/Technology

Depot associations support subsidy removal, pledge 100 mass transit buses

June 8, 2023
“Naira-4-Dollar” getting results
Economy/Technology

Naira extends stability at investors, exporters window

June 8, 2023
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Global economy in ‘precarious position’, World Bank warns

June 8, 2023
36 governors support fuel subsidy removal, other policies
Economy/Technology

36 governors support fuel subsidy removal, other policies

June 8, 2023
Tinubu denies manipulating NASS
Economy/Technology

Tinubu directs NEC to work on palliatives

June 7, 2023
Next Post
25 textile clusters get a boost through SMEDAN

Stakeholders seek political will to revive textile sector

Nigeria gets petroleum law to edge out 50 years archaic laws

Buhari’s war against money laundering, financial crimes peaks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

New Naira notes unavailable even as CBN campaigns for acceptance

Buhari addresses nation, extends use of old N200 notes until April 10

February 16, 2023
Nigeria to rebase CPI, GDP

Lekki Port to facilitate trade volume growth, increase GDP

January 24, 2023
Africa-Europe Alliance presents progress report

AU defends workers as nation’s engine

May 1, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Motorists shun petrol filling stations as pump price peaks
  • Depot associations support subsidy removal, pledge 100 mass transit buses
  • Naira extends stability at investors, exporters window

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?