Lagos - The Debt Management Office (DMO) says the Central Bank of Nigeria (CBN) may sell as much as N410 billion worth of bonds during the second quarter of this year.
The DMO disclosed this in its provisional calendar published on the Website.
It said that bond sales for the quarter would open on April 17.
According to DMO, the bonds to be sold in April will include N25 billion to N45 billion bonds each of seven-year, 10-year and 20-year tenor.
It said that the bonds were expected to mature in June 2019, January 2022 and July 2030 with coupon rate of 16 per cent, 16.39 per cent and 10 per cent, respectively.
The DMO also said that it would on May15 issue another set of three bonds which will include N25 billion to N45 billion bonds of five-year bonds.
Others are N10 billion to N20 billion bonds of five-year tenor and seven-year tenor bonds of between N20 billion and N30 billion.
The DMO also said that the N25 billion to N45 billion bond of five-year tenor would mature in April 2017 at 15.10 per cent yield rate.
The N10 billion to N20 billion bonds at four per cent yield rate will mature in April 2015.
The seven-year tenor bonds of between N20 billion and N30 billion with 16 per cent yield rate will mature in June 2019.
The DMO said that the sales for the quarter would end on June 12 with the sale of N25 billion to N45 billion each of five-year debt to mature on 2017 with coupon rate of 5.10 per cent.
The DMO said that it would also offer another five-year tenor bonds on June 12 with coupon rate of four per cent.