Home » FG to auction N150bn bonds in May

FG to auction N150bn bonds in May

They are 10-year returning security to be offered at the pace of 16.2884 percent and to develop in March 2027; a 15-year resuming bond to be offered at 12.5 percent and develop in March 2035; and a 30-year resuming bond to be offered at 14.8 percent and develop in April 2045.

As per the DMO, the bonds which will be unloaded on May 19, 2021\, have a settlement date of May 21, 2021.

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The DMO had before uncovered that Federal Government’s bonds offered for the long stretch of April worth N60bn were over oversubscribed by N215.67bn.

The absolute membership got from financial backers for the bonds was N275.67bn, containing N49.7bn for 12.75 percent FGN April 2023 bonds; N107.47bn for 12.5000 percent FGN March 2035 bonds; and N118.5bn for 12.9800 percent FGN March 2050 bonds.

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The sale result showed that the complete offers were 50, 65 and 85, while the effective offers were 26, 29 and 32 for the three bonds allocated.

Fruitful offers for the 12.7500 percent FGN APR 2023, 12.5000 percent FGN MAR 2035, and 12.9800 percent FGN MAR 2050 were designated at the negligible paces of 9.0000 percent, 12.0000 percent and 12.5000 percent individually.

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There was another N20bn 30-year resuming bond that would develop in April 2050 and offered at 12.98 percent.

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