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.
Browsing: DMO
According to the offer circular obtained from the DMO website, the two-year bond will be due in June 2019, while the three-year bond will be due in June 2020.
Muhammmed Sheikh, the National Secretary of the union, expressed delight over the development, describing it as “dawn of a better welfare for members’ staff of DMO”
Nwankwo said about five weeks ago, the DMO made requests for proposals for both local and international managers who were interested to compete, adding that the closing date was September 19
Also, positions of the international and Nigerian law firms, which will act as Joint Legal Advisers for the FGMTN as well as technical adviser on communication have been advertised, setting the stage for a major borrowing to cushion the effect of dwindling revenues from oil
It stated that each of the categories would mature in July 2021, January 2026 and March 2036
It stated that the three categories of bonds include 20-year bond, 10-year bond and five-year bond.
It also sold N40 billion of January 2026 paper at 12.6 per cent, higher than 12.09 per cent in March and N40 billion of March 2036 paper at 13.08 per cent, higher than it yielded in March at 12.40 per cent.
The summary stated that N5 billion of the 15.54 per cent February 2020 bonds and N20 billion of the 12.50 per cent January 2026 bonds were allotted on non-competitive basis
According to the DMO’s auction result derived from its website on Thursday, it sold N40 billion of 2020 paper at 12.19 per cent lower than its 12.24 per cent in January sales
Politically, we must recognize that the president has gone great lengths in accomplishing part of his campaign mantra of “change” to Nigerians. However, we must not be overexcited about the initiative until we have subjected it to intellectual scrutiny as to the effects of the budget on the Nigerian economy and to posterity
The DMO added that it sold N40 billion of 2020 bonds at 12.24 per cent, compared with 10.95 per cent at the December auction
The debt office, on its website, on Monday, said it would issue between N40 billion and N60 billion in bonds that would mature in 2020 in January and February respectively
The DMO said it would issue N20 billion worth of the 10-year bonds and N30 billion of the five-year bonds.
It said the two categories of bonds would mature in March 2024 and February 2020 respectively
The DMO said it would issue N40 billion worth of the 10-year bonds and N40 billion in five-year bonds
The Debt Management Office says it plans to raise N70 billion worth of bonds in two categories on July 15.…
It said that the three bonds would be issued in N24 billion, N25 billion and N24 billion respectively
According to the DMO, the three-year bonds will be for N10 billion, the 10-year tenor bond would be for N30 billion, while the 20-year tenor bond will be for N25 billion
Minister of National Planning and Deputy Chairman, National Planning Commission (NPC), Dr. Abubakar Olanrewaju Sulaiman, on Monday, disclosed that the first phase of the N485 trillion National Integrated Master Plan(NIIMP) to cover between 2014 and 2018, would gulp N166billion.