Tag Archives: Bonds

The Federal Government of Nigeria has announced the offer for a subscription to the November 2022 Federal Government Savings Bond. A circular issued by the The Debt Management Office (DMO) explained that there are two tranches of issuances — 2-year and 3-year savings bonds, with interest rates of 12.492% and 13.492%, respectively. This shows that the interest rates increased from ...

The Federal Government through the Debt Management Office (DMO)  has released its FGN bond issuance calendar for the third quarter of 2022. The information was released  in a document on the DMO on its website. The press release reveals the issuance for the quarter under review will be held on 18th July, 15th August, and 19th of September, all of ...

The Federal Government has announced the offer for subscription of the May 2021 Federal Government Savings Bond to investors. The Debt Management Office (DMO) made this remark on behalf of the government This disclosure is contained in a circular issued by the DMO on May 3, 2021, and can be seen on its website noting that there are 2-year and ...

Nigeria’s largest telecommunications company, MTN Nigeria has invested a whopping N121.5 billion in bonds, treasury bills and foreign currency deposits in 2020. This compares to just N9 billion in 2019 suggesting the GSM giant had challenges deploying the capital raised during the year. MTN raised N143.96 billion in several syndicated facilities during the year which was to be utilized for ...

The Federal Government on Monday offered for subscription a two-year savings bond at 10.74 per cent and three-year savings bond at 11.74 per cent. According to the Debt Management Office (DMO) website, the two-year savings bonds would be due in March 2020. It said the three-year savings bond would be due in March 2021. The Debt office, however, did not ...

Latest information from the Debt Management Office (DMO) has shown that the federal government’s first bond offer for the year – 2018 was oversubscribed by a total of N150 billion, a subscription rate of 136 per cent. The subscription level was higher for the 10-year benchmark bond, which indicates investors’ preference for longer dated instruments in Nigeria. The Debt Management ...

The Federal Government on Monday announced that it had floated a $3 billion dual-tranche bond. It said that the pricing of the $1.5 billion 10-year and $1.5 billion 30-year notes were under its Global Medium Term Note programme

. The Federal Government said that it had priced the offering of the $3 billion aggregate principal amount of dual series notes under ...