FG offers N150bn bond for subscription in May

Adebayo Obajemu

The Debt Management Office on behalf of the Federal Government of Nigeria has offered for subscription by auction the following:

N50 billion bond at the rate of 16.2884% due in March 2027.
N50 billion bond at the rate of 12.50% due in March 2035.
N50 billion bond at the rate of 14.80% due in April 2049.
The bonds which will be auctioned on May 19, 2021, have a settlement date of May 21, 2021.