The Debt Management Office (DMO) has put N150 billion bonds on offer for subscription for the month of July, on behalf of the federal government. The auction for this month will take place on Monday, July 19, 2021, instead of the usual Wednesday Auction. The offer announced by the DMO via an Offer Circular yesterday were in three tranches of N50 billion each. The first is a 10-year re-opening bond to be offered at the rate of 13.98 with a maturity date of February 2028. The second tranche of N50 billion with 12.40 per cent rate has March 2036 (20 years) as maturity, while the third tranche of N50 billion with 12.

Source: Nigerian Tribune July 12, 2021 17:14 UTC