The Debt Management Office has offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction.
According to the DMO, the first offer is a February 2028 Bond valued at N90 billion at an interest rate of 13.98 per cent per annum, the second is the April 2032 Bond valued at N90 billion at an interest rate of 12.50 per cent per annum.
There is also the April 2037 Bond valued at N90 billion, at 16.24 per cent per annum while the fourth offer is the April 2049 Bond valued at N90 billion at an interest rate of 14.80 per cent per annum.
According to the DMO, the Bonds are offered at N1,000 per unit with a minimum subscription of N50 million, and in multiples of N1,000 thereafter.
