The Debt Administration Workplace on Tuesday disclosed that the Federal Authorities would provide N150bn bonds for subscription in Could.
A round by the DMO on its web site confirmed that the breakdown of bonds comprised three bonds value N50bn every.
They’re 10-year reopening bond to be supplied on the charge of 16.2884 per cent and to mature in March 2027; a 15- 12 months reopening bond to be supplied at 12.5 per cent and mature in March 2035; and a 30-year reopening bond to be supplied at 14.8 per cent and mature in April 2045.
In keeping with the DMO, the bonds which might be auctioned on Could 19, 2021, have a settlement date of Could 21, 2021.
The DMO had earlier disclosed that Federal Authorities’s bonds supplied for the month of April value N60bn had been over oversubscribed by N215.67bn.
The overall subscription acquired from traders for the bonds was N275.67bn, comprising N49.7bn for 12.75 per cent FGN April 2023 bonds; N107.47bn for 12.5000 per cent FGN March 2035 bonds; and N118.5bn for 12.9800 per cent FGN March 2050 bonds.
The public sale consequence confirmed that the full bids had been 50, 65 and 85, whereas the profitable bids had been 26, 29 and 32 for the three bonds allotted.
Profitable bids for the 12.7500 per cent FGN APR 2023, 12.5000 per cent FGN MAR 2035, and 12.9800 per cent FGN MAR 2050 had been allotted on the marginal charges of 9.0000 per cent, 12.0000 per cent and 12.5000 per cent respectively.
There was one other N20bn 30-year reopening bond that will mature in April 2050 and supplied at 12.98 per cent.
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