FG’ll Borrow N720bn In Fourth Quarter, DMO Confirms

The Debt Management Office (DMO) has released its Federal Government of Nigeria Bonds Issuance Calendar for the fourth quarter of 2022.
The calendar contains N720billion borrowing plan for the period.
According to the calendar, on October 17, the DMO will re-open a 14.55per cent, April, 2029 bond valued at between N70billion and N80billion, with six years, six months term-to-maturity and an original tenor of 10 years.
The office will also re-open a 12.50 per cent, April 2032 FGN bond valued at between N70 billion to N80 billion, with a term-to-maturity of nine years, six months, and original tenor of 10 years.
On the same date, the DMO will re-open a 16.24percent. 2037 FGN bond, valued at between N70billion and N80billion, with term-to-maturity of 14 years, six months, and original tenor of 20 years.
On November 14, the DMO will, again, re-open the 14.55per cent, April, 2029, FGN bond valued at between N70billion and N80billion, with term-to-maturity of six years, five months.
Also, on November 14, it will re-open the 12.50per cent, April, 2032, FGN bond valued at between N70billion and N80billion, with term-to-maturity of nine years, five months.
On the same date (November 14), the office will also re-open the 16.24, April, 2037, FGN bond valued at between N70billion and N80billion, with term-to-maturity of 14 years, five months.
Then, on December 12, the DMO will re-open the 14.55per cent FGN bond valued at between N70billion and N80billion, now with a six years, four months term-to-maturity.
Also, on December 12, it will re-open the 12.50, April 2032 FGN bond, valued at between N70billion and N80billion, with term-to-maturity of nine years, four months.
Again, on December 12, it will re-open the 16.24per cent FGN bond valued at between N70billion and N80billion, with term-to-maturity of 14 years, four months .