The federal government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion for subscription at N1,000 per unit.
According to a statement by the DMO on Monday, the first offer is an April 2029 FGN bond valued at N70 billion at an interest rate of 19.30 per cent per annum (five-year) re-opening.
The second offer is a February 2031 FGN bond valued at N50 billion, at an interest rate of 18.50 per cent per annum (seven-year re-opening)
There is also the May 2033 FGN bond valued at N30 billion, at a 19.89 interest rate per annum (nine-year re-opening)
According to the DMO, the FGN bonds are offered at N1,000 per unit subject to a minimum subscription of N50 million and in multiples N1,000 thereafter.
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