FG to auction long-term bonds at over 12% interest rates

The Debt Management Office (DMO) on Tuesday disclosed that it would offer five, 15 and 30 year bonds at 12.75 percent, 12.50 percent and 12.98 percent interest rates respectively for public subscri…

The Debt Management Office on Tuesday disclosed that it would offer five, 15 and 30 year bonds at 12.75 percent, 12.50 percent and 12.98 percent interest rates respectively for public subscription this month.The document showed the breakdown of the N150 billion bond as including N40bn five-year reopening bond that would mature in April 2023, N50bn 15-year reopening bond that would mature in April 2035 and N60bn 30-year bond expected to mature in April 2050.

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