Nigeria's DMO offers N300bn FGN bonds: 5-year (19.30%), 7-year (18.50%), 9-year (19.88%)
Nigeria's Debt Management Office (DMO) offers N300bn FGN bonds: a five-year bond with 19.30% annual interest, a seven-year bond with 18.50%, and a nine-year bond with 19.88% interest. Each bond has a minimum subscription of N50m, and the yields are backed by the Federal Government. Listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange, the bonds qualify as liquid assets for banks.
July 19, 2024
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