DMO To Raise N80.2bn Worth Of Bonds On June 17


The Debt Management Office (DMO) says it will raise N80.22billion worth of bonds in three categories on June 17.


According to the DMO, in its ‘Bond Circular’ issued on Wednesday, the categories of bonds will include a 20, 10 and five-year bonds.


It said that the 20-year bond would attract N40 billion, N15.22 billion for 10-year bond and N25 billion worth for the five-year bond.


It said the three categories of bonds would mature in February 2020, March 2024 and July 2034 respectively.


The DMO added that the three categories of bonds had different coupon rates.


The 20-year, 10-year and five-year bonds will have coupon rates of 15.54 per cent and 14.20 per cent respectively while the 10-year bond will attract 12.15 per cent.


It said that while the bonds would be auctioned on June17, the settlement date would be June19.


Source : Leadership

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