The Federal Government through the Debt Management Office will be auctioning bonds worth N150bn by subscription on June 17, 2020. The DMO circular released earlier on Tuesday revealed that the N40bn 5-year reopening bond maturing in April 2023 would be auctioned at 12.75%.
FG to Auction Bonds Worth N150bn on June 17
Another N50bn 15-year reopening bond maturing in March 2035 would be auctioned at 12.5%, and N60bn 30-year reopening bond maturing in March 2050 would be auctioned at 14.8%.
In the circular released by the DMO, the auction will hold on June 17 while the settlement date will be on June 19.
