The Debt Management Office (DMO) has announced that the Federal Government would offer N150 billion bonds for subscription in May.
A circular posted on the DMO website on Tuesday showed that the breakdown of bonds comprised of three bonds worth N50 billion each.
They are 10-year reopening bond to be offered at the rate of 16.2884% and to mature in March 2027; a 15- year reopening bond to be offered at 12.5% and mature in March 2035; and a 30-year reopening bond to be offered at 14.8% and mature in April 2045.
The bonds, which will be auctioned on May 19th 2021, have a settlement date of May 21, 2021.
The DMO had earlier revealed that Federal Government’s bonds offered for the month of April worth N60 billion were over oversubscribed by N215.67 billion.