Business
DMO Offers N75bn Worth Of Bonds
The Debt Management Office (DMO) says it auctioned N75 billion worth of bonds in August.
The DMO disclosed this on its Website where it announced the results of three categories of bonds.
The DMO listed the three categories of bonds as five-year tenor bond, seven-year tenor and 10-year tenor bonds whose worth were N25 billion, respectively.
Coupon rates for the three bonds are 15.10 per cent, 16.00 per cent and 16.39 per cent for the five, seven and 10-year tenor bonds.
The bonds will mature in 2017, 2019 and 2020, respectively.
The number of those who participated at the auctions varied from 65, 101 and 131, but those successful ranged from 40, 27 and 22 for the three auctions, respectively.