DMO Announces N720bn Borrowing Plan

DMO Announces N720bn Borrowing Plan

The Debt Management Office, DMO, has reviewed its bonds issuance calendar for third quarter of 2022.

According to the revised calendar, the DMO is scheduled to raise about N720 billion through some re-opened Federal Government of Nigeria, FGN, bonds.

On July 19, the office was scheduled to re-open a March 2025 FGN bond valued at between N70 billion to N80 billion, and at interest rate of 13.53 per cent per annum.

b It has a two years, eight months maturity period, with original tenor of seven years.

On the same date (July 19), the DMO re-opened an April 2032 FGN bond valued at between N70 billion to N80 billion at 12.50 per cent interest rate per annum.

Read Also 2023: Peter Obi Visits Jonathan (PHOTO)

Term-to-Maturity is nine years, nine months, with original tenor of 10 years.

Also, on July 19, the DMO re-opened a Jan 2042 FGN bond valued at between N70 billion to N80 billion, at interest rate of 13 per cent per annum, with maturity period of 19 years, six months.

It had an original tenor of 20 years.

On Aug. 15, the DMO, again, re-opened the March 2025 FGN bond, valued at between N70 billion to N80 billion, and interest rate of 13.53 per cent per annum.

It had a maturity period of two years, seven months.

On Aug. 15, it also re-opened the 2032 FGN bond valued at between N70 billion to N80 billion at interest rate of 12.50 per cent per annum.

Its Term-to-Maturity was now nine years, eight months.

On the same date, the DMO, again, re-opened the Jan 2032 FGN bond valued at between N70 billion to N80 billion, at interest rate of 13 per cent per annum.

Read Also See The Order The Court Just Gave INEC On Akpabio As APC Candidate For Akwa-Ibom Northwest

The maturity period was 19 years, five months.

On Sept. 19, the DMO will, again, re-open the March 2025 FGN bond valued at between N70 billion to N80 billion, at the rate of 13.53 per cent per annum.

The maturity period will now be two years, four months.

On the same date (Sept. 19), the office will also re-open the April 2032 FGN bond valued at between N70 billion to N80 billion, at 12.50 per cent interest rate per annum.

Its Term-to-Maturity will be nine years, seven months.

On Sept. 19, the DMO will re-open a March 2037 FGN bond valued at between N70 billion to N80 billion, at interest rate of 16.24 per cent per annum.

It has a Term-to-Maturity of 14 years, seven months, and original tenor of 20 years.

NAN

Get The News When It Drops By Joining Our WhatsApp Group With This Link Below

https://chat.whatsapp.com/J4n5FRDgPYc6Gw0GbMlr1v