Debt Management Office offers N105bn worth of bonds
The Debt Management Office (DMO) has issued three tranches of Federal Government’s bonds totalling N105 billion to investors. The bonds have tenors of between five and 20 years.
In its February bond auction summary posted on its Website, the DMO said that the five and seven-year tenor bonds would mature in April 27, 2017 and June 29, 2019, respectively.
A breakdown of the offers showed that the five- year and seven- year bonds worth N5 billion each, while the 10 and 20-year bonds worth N15 billion and N20 billion, respectively.
The five and seven-year bonds have a coupon rate or a total yield rate of 10.68 per cent and 10.96 per cent respectively. Also, the 10 and 20-year bonds are pegged at 10.80 per cent and 10.90 per cent each.
[Daily Times]
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