The Director-General of DMO, Patience Oniha, made this known during a presentation of Public Debt Data as at September 30, 2019 in Abuja on Friday.
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The Director-General of the office, Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja.
On the other hand, it would shelve planned borrowing from the international debt market – Eurobond, for the budget, since 2019 appropriation had turned out to be a six-month fiscal operation.
The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N45 billion of a five year re-opening issue maturing in April 2023 at 12.75 per cent.
The Debt Management Office says that the September savings bonds offer of the Federal Government has opened for transactions.
The alarm raised by Abubakar followed the release on Wednesday of Nigeria’s foreign and local debts by the Debt Management Office.
The DMO released the figure on Wednesday.
According to the offer circular obtained from the DMO website, the two-year bond will be due in June 2021, while the three-year bond will be due in June 2022.
The Debt Management Office, says investors have in recent months been showing high level of demand at Federal Government bond auctions, a development which continued at the auction for June.
The Federal Government says it allotted N438 million to 469 subscribers during its sale of savings bond in June.
The Federal Government has offered for subscription by auction N100 billion worth of bonds in its June 26 auction, the Debt Management Office said.
In a bid to address the infrastructure challenge bedevilling the country, the Debt Management Office on Tuesday disclosed that the Federal Government would float over N100 billion third Sukuk Bond before the end of 2019.
The Federal Government has offered for subscription two-year savings bond at 11.41 per cent and three-year savings bond at 12.41 per cent per annum.
The Debt Management Office says the impact of the proposed limitation of commercial banks’ access to government securities on the market will depend on the actual mechanism provided by the CBN.
Investors in the Federal Government bond once again showed strong preference for the longer termed 30-year bond that was introduced in April, the Debt Management Office has said.
The Debt Management Office says N100 billion worth of Federal Government bonds will be up for subscription on May 22.
The Federal Government has offered for subscription of two-year savings bond at 11.74 per cent and three-year savings bond at 12.74 per cent per annum, the Debt Management Office has said.
The Debt Management Office says investors keenly contested for the N20 billion first-of-its-kind 30-year bond offered by the Federal Government at the April Bond Auction on Wednesday.
The Debt Management Office says the Federal Government’s February bonds received over N234 billion from investors for the N150 billion that was offered.
The Debt Management Office says the Federal Government is to auction by subscription N150 billion worth of bonds on February 20.