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DMO plans domestic borrowing of 720 billion naira in the fourth quarter

By on October 6, 2022 0

The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) bond issuance schedule for the fourth quarter of 2022.

The schedule contains a N720 billion borrowing plan for the period.

According to the schedule, on October 17, the DMO will reopen a 14.55% bond, April 2029, valued between N70 billion and N80 billion, with a maturity of six years and six months and an initial tenor of 10 years.

The office will also reopen a 12.50% FGN bond, April 2032, worth between N70 billion and N80 billion, with a term to maturity of nine years, six months and an original term of 10 year.

On the same date, the DMO will reopen on 16.24. FGN Bond 2037, valued between N70 billion and N80 billion, with a term to maturity of 14 years, six months and an original term of 20 years.

On November 14, the DMO will re-open the April 2029 14.55% FGN bond again, valued at N70-80 billion, with a maturity of six years and five months.

In addition, on November 14, it will reopen the April 2032 12.50% FGN Bond, valued at N70-80 billion, with a maturity of nine years and five months.

On the same date (November 14), the office will also reopen the FGN bond of April 16.24, 2037 valued at N70-80 billion, with a maturity of 14 years and five months.

Then, on December 12, the DMO will reopen the 14.55% FGN bond valued between N70 billion and N80 billion, now with a maturity of six years and four months.