The auction result, obtained from DMO’s website in Abuja, said it sold N12.75 billion in seven-year bonds at 13.53 per cent and N38.96 billion 10-year bond at 13.98 per cent
Browsing: Debt Management Office
The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N30 billion of a five-year new issue maturing in April 2023 at an undisclosed rate.
According to DMO, this is in line with the Economic Recovery and Growth Plan.
This followed a report presented by the Joint Committee on Finance and Appropriation, Public Accounts and Anti-Corruption and Judiciary, Public Petitions, Ethics and Privileges, at its plenary in Enugu on Tuesday.
He said this on Sunday in Abuja in an interview with the News Agency of Nigeria.
The result of the auction obtained from the DMO website on Thursday in Abuja, showed that the debt office sold N10.05 billion in five-year bonds at 13.40 per cent, and N45.10 billion in 10-year bonds at 13.60 per cent.
The Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday in Abuja
Speaking on the topic: “Sapping Africa’s Debt Financing Strategy: Removing Some Mental Cobwebs,” at the Fourth London Stock Exchange Africa Advisory Group Meeting in Nairobi, Kenya, Nwankwo said such a transformation plan is needed as a formal policy document, narrating how debt financing will be applied to launch economy unto a trajectory of self-sustaining prosperity; with credible macroeconomic figures at the beginning, intermediate and concluding stages: GDP figures, inflation, interest rates, exchange rates, reserve position, etc.
According to the Debt Management Office website, the two-year savings bonds will be due in March 2020.
The Notes, which comprise a $1.25 billion 12-year series and a US$1.25 billion 20-year series, will be used for the refinancing of the country’s domestic debt, the Debt Management Office says
stated that it would sell N50 billion of a bond maturing in July 2021 at 14.50 per cent.
The FGN Bonds have a wide range of investors, both domestic and international, and the Issuance Calendar is one of the key information requirements used for planning their activities.
Patience Oniha, the DMO’s Director-General, told the News Agency of Nigeria in Lagos that government had reduced its exposure in the bond market for corporate entities to raise funds.
The Diaspora Bond, issued in June, and the $3 billion Eurobonds, issued in November, at the International Capital Market, will both be listed on Thursday (today)
Media reports quoting DMO figures had on Monday claimed that Fayose had borrowed N56 billion since assumption of office.
The Special Assistant to the State Governor on Public Communications and New Media, Lere Olayinka, reacted to the report
The green bond is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change of September 21, 2016, with the aim of strengthening global response to the threat.
The Green Bond is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016.
Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group.
A statement from the office made available to the News Agency of Nigeria on Tuesday in Lagos indicated that the amount consisted of two bills