Debts Management Office DMO says it
would sell N70 billion in five-year and 10-year Federal Government bonds.
The DMO said in its ‘March 2013 FGN Bond
Offer Circular’ posted on its website that the bonds would mature in April 2017
and January 2022, respectively.
It also said that both would be
auctioned on March 13, and with settlement dates of March 15, this year.
E-BIZ 24/7 Reports show that the sale is
the third monthly debt auction for 2013. It also said that it would sell N35
billion of five-year paper and N35 billion in the 10-year paper, adding that
the two bonds were re-opened.
The DMO said that the 2017 and 2022
instruments attracted 15.10 per cent and 16.39 per cent, respectively, as
coupon rate.
DMO on Feb.13, issued three tranches of
Federal Government bonds totaling N105 billion to investors. And that the bonds
have tenors of between five and 20 years.
In its February bond auction summary
posted on its Website, the DMO said that the five, seven and 10-year tenor
bonds would mature on April 27, 2017, and June 29, 2019, respectively.
A breakdown of the offers showed that
the five-year and seven-year bonds are worth N5 billion each, while the 10-year
and 20-year bonds were worth N15 billion and N20 billion, respectively.
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