MARKET NEWS
FG to auction N150bn bonds - PUNCH
by Nike Popoola
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17.
A circular by the DMO on Tuesday showed that a N40bn five-year reopening bond maturing in April 2023 would be offered at 12.75 per cent; a N50bn 15-year reopening bond maturing in March 2035 would be auctioned at 12.50 per cent; while N60bn 30-year reopening bond maturing in March 2050 would be auctioned at 14.8 per cent.
According to the DMO, the auction date is June 17 while the settlement date is June 19.
