The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has offered for subscription by auction and is authorized to receive applications for the following bonds:
N50 billion, maturing in March 2027 at the rate of 16.2884%.
N50 billion, maturing in March 2035 at the rate of 12.50%.
N50 billion, maturing in July 2045 offered at the rate of 9.80%.
Auction date is on February 17, 2021. The settlement date is on February 19, 2021
UNITS OF SALE:
N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.
For re-openings of previously issued bonds, (where the coupon is already set), 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