The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) Bonds Issuance Calendar for the fourth quarter of 2022. The calendar contains an N720 billion borrowing plan for the period.
According to the calendar, on Oct. 17, the DMO will re-open a 14.55 percent, April 2029 bond valued at between N70billion and N80billion, with six years, six months term-to-maturity, and an original tenor of 10 years.
The office will also re-open a 12.50 percent, April 2032 FGN bond valued at between N70billion to N80billion, with a term-to-maturity of nine years, six months, and an original tenor of 10 years.
On the same date, the DMO will re-open a 16.24. 2037 FGN bond, valued at between N70 billion and N80 billion, with term-to-maturity of 14 years, six months, and an original tenor of 20 years.
On Nov. 14, the DMO will, again, re-open the 14.55 percent, April 2029 FGN bond valued at between N70 billion and N80 billion, with term-to-maturity of six years, and five months.
Also, on Nov. 14, it will re-open the 12.50 percent, April 2032 FGN bond valued at between N70 billion and N80 billion, with term-to-maturity of nine years, and five months.
On the same date, (Nov. 14), the office will also re-open the 16.24, April 2037 FGN bond valued at between N70 billion and N80 billion, with term-to-maturity of 14 years,and five months.
Then, on Dec. 12, the DMO will re-open the 14.55 percent FGN bond valued at between N70billion and N80billion, now with six years, four months term-to-maturity.
Also, on Dec. 12, it will re-open the 12.50, April 2032 FGN bond, valued at between N70billion and N80billion, with term-to-maturity of nine years, and four months.
Again, on Dec. 12, it will re-open the 16.24 percent FGN bond valued at between N70billion and N80billion, with a term-to-maturity of 14 years, four months.
Source: Vanguard