THE first bond issuance for 2022 has been completed successfully with Nigerians offering more than the N214.05 billion offered by The Debt Management Office (DMO).
In a statement published on its website, the DMO said the bond-which is a form of domestic borrowing-were offered in two tranches of N75 billion.
According to DMO, the bonds were 10-year bond at 12.50 percent and a newly-issued 20-year bond at 13.00 percent.
Both issuances have a maturity date of January 22, 2026, and January 21, 2042, respectively.
DMO also revealed the auction has a term-to maturity period of 4 years and 20 years.
“Successful bids for the 12.50% FGN JAN 2026 & 13.00% FGN JAN 2042 were allotted at the Marginal Rates of 11.50% and 13.00%, respectively,” the statement reads.
“However, the original coupon rates of 12.5000% for the 12.5000% FGN JAN 2026 will be maintained, while the coupon rate for the 13.00% FGN JAN 2042 (New Issue), is set at 13.00%.”
