DMO Lists $1.25bn On NGX, FMDQ

The Debt Management Office has listed the 8.375%, $1.25 billion, March 2019 Eurobond on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.

DMO Lists $1.25bn On NGX, FMDQ
DMO Lists $1.25bn On NGX, FMDQ

This was disclosed in a statement by the DMO on Thursday.

It noted that the Eurobond was issued in March, based on approvals in the 2022 appropriation act and further approvals by the National Assembly and the Federal Executive Council (FEC).

The agency said the Eurobond had earlier been listed on the London Stock Exchange. It said that the listing of the Eurobond on the NGX and FMDQ was an indication that DMO was committed to boosting the domestic capital market activities and creating opportunities for local players.

The DMO statement reads, “The DMO will today Thursday, list 8.375%, 1.25 billion dollars, March 2019 Eurobond on the NGX and FMDQ.

“The Eurobond was issued in March based on approvals in the 2022 appropriation Act and subsequent approvals received from the National Assembly and FEC.

“Its proceeds were used for financing capital projects in the Appropriation Act. In addition, the proceeds contributed to an increase in external reserves.

‘’The Eurobond has been listed on the London Stock Exchange, the listing on the Nigeria Exchange Limited and the FMDQ Exchange Limited represents the DMO’s commitment to boosting the domestic capital market activities and creating opportunities for local players.’’

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