FG To Generate N720 Billion In Q3 From Bonds

The Federal Government has said it would generate about N720 billion from FGN Bonds in the third quarter of 2022.

This was made known by the Debt Management Office (DMO) which released the FGN Bond Issuance Calendar for the third quarter of this year.

According to the calendar, the DMO will re-open nine previously issued FGN Bonds between July and September.

Meanwhile, on July 18, the DMO will re-open a 13 per cent, March 2025 FGN Bond valued at between N70 billion to N80 billion, with a maturity date of two years, eight months, with original 10-year tenor. On the same date, the DMO will re-open a 12.5 per cent, April 2032 FGN Bond valued at between N70 billion to N80 billion.

It has nine years, nine months term-of-maturity, with 10-year original tenor.

The office will reopen a 13 per cent, January 2042 FGN Bond valued at between N70 billion and N80 billion on the same date. It has 19 years, six months term-of-maturity

It has an original tenor of 20-year.

On August 15, the DMO will re-open the 13.53 per cent March 2025 FGN Bond valued at between N70 billion and N80 billion, with two years, seven months as term-of-maturity. NAN

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