DMO to raise N1.8trn debt via fresh April Savings Bond

Nigeria News News

DMO to raise N1.8trn debt via fresh April Savings Bond
Nigeria Latest News,Nigeria Headlines
  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

The Debt Management Office, DMO, has unveiled plans to raise N1.8 trillion through new issuance and reopening of federal government bonds over the next three months amid the country's increasing debt stocks. This is as DMO opened offer for the April 2024 Savings Bond.

The Debt Management Office, DMO, has unveiled plans to raise N1.8 trillion through new issuance and reopening of federal government bonds over the next three months amid the country's increasing debt stocks. This is as DMO opened offer for the April 2024 Savings Bond. The debt office in the bond issuance calendar for the second quarter of 2024 said it plans to raise between N300 billion to N600 billion every month between April and June this year.

Meanwhile, it plans to raise more funds this week through the 2-year and 3-year savings bonds due April 2026 and April 2027. According to the offer document, the DMO is issuing the 2-year paper at 17.046 per cent per annum while the 3-year paper is being issued at 18.046 per cent per annum. Last month, it issued the 2-year savings bond at 15.097 per cent, while the 3-year paper was raised at 16.097 per cent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyPostNGR /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump ‘hush money’ trial set for April 15, bond amount slashedTrump ‘hush money’ trial set for April 15, bond amount slashedThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Read more »

Champions League: Dortmund, Atletico Madrid zoom into quarter-finalsChampions League: Dortmund, Atletico Madrid zoom into quarter-finalsThe quarter-finals are scheduled for 9 to 10 April and 16 to 17 April
Read more »

DMO: Nigeria's public debt now N97trn, rose by N9trn in Q4 2023DMO: Nigeria's public debt now N97trn, rose by N9trn in Q4 2023Nigeria's independent online newspaper
Read more »

Appointment of Eurobond transaction advisers subject to FEC, NASS approval -DMOAppointment of Eurobond transaction advisers subject to FEC, NASS approval -DMOThe Debt Management Office (DMO), says appointment of Transaction Advisers for issuance of Eurobond is subject to approval of the Federal Executive Council (FEC).
Read more »

‘We never applied for N14.26bn loans’ - Zamfara governor faults DMO report‘We never applied for N14.26bn loans’ - Zamfara governor faults DMO reportNigeria's independent online newspaper
Read more »

Zamfara denies taking N14.2 billion loan reported by DMOZamfara denies taking N14.2 billion loan reported by DMOThe Zamfara government on Monday denied taking a N14.2 billion loan, as indicated in a report by the Debt Management Office (DMO).
Read more »



Render Time: 2025-02-15 19:22:34