DMO Announces N720bn Borrowing Plan, Reviews Issuance Bond Calendar

The Debt Management Office (DMO) has reviewed its bonds issuance calendar for third quarter of 2022.
According to the revised calendar, the DMO is scheduled to raise about N720billion through some re-opened Federal Government of Nigeria (FGN) bonds.
On July 19, the office was scheduled to re-open a March 2025 FGN bond valued at between N70billion to N80billion, and at interest rate of 13.53per cent per annum.
It has a two years, eight months maturity period, with original tenor of seven years.
On the same date (July 19), the DMO re-opened an April 2032 FGN bond valued at between N70billion to N80billion at 12.50per cent interest rate per annum.
Term-to-Maturity is nine years, nine months, with original tenor of 10 years.
Also, on July 19, the DMO re-opened a January 2042 FGN bond valued at between N70billion to N80billion, at interest rate of 13per cent per annum, with maturity period of 19 years, six months.
It had an original tenor of 20 years.
On August 15, the DMO, again, re-opened the March 2025 FGN bond, valued at between N70billion to N80billion, and interest rate of 13.53per cent per annum.
It had a maturity period of two years, seven months.
On August 15, it also re-opened the 2032 FGN bond valued at between N70billion to N80billion at interest rate of 12.50per cent per annum.
Its Term-to-Maturity was now nine years, eight months.
On the same date, the DMO, again, re-opened the January 2032 FGN bond valued at between N70billion to N80billion, at interest rate of 13per cent per annum.
The maturity period was 19 years, five months.
On September 19, the DMO will, again, re-open the March 2025 FGN bond valued at between N70billion to N80billion, at the rate of 13.53per cent per annum.
The maturity period will now be two years, four months.
On the same date (September 19), the office will also re-open the April 2032 FGN bond valued at between N70billion to N80billion, at 12.50per cent interest rate per annum.
Its Term-to-Maturity will be nine years, seven months.
On September 19, the DMO will re-open a March 2037 FGN bond valued at between N70billion to N80billion, at interest rate of 16.24per cent per annum.
It has a Term-to-Maturity of 14 years, seven months, and original tenor of 20 years.