Lagos - The Debt Management Office (DMO) on Thursday said it would sell
bonds worth N50 billion.
The bonds comprise N25 billion of three-year paper and N25 billion in the
The bonds would mature in August 2016 and March 2024, respectively and would
be auctioned on April 23 with settlement dates of April 25, this year.
While the three-year paper will attract a coupon rate of 13.05 percent, the 10 -year paper attracts 14.20 percent coupon rate
The sale is the fourth monthly debt auction for 2014.
DMO had on March 6 issued two tranches of Federal Government bonds, totaling
N90 billion to investors.
The bonds had tenors between three and 10 years with coupon rate of 13.05
per cent and 10.00 per cent, respectively.
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