The Debt Management Office (DMO) has released the federal government of Nigeria’s bond issuance calendar for the third quarter of 2022.
The calendar is contained in a document published on the agency’s website.
According to the press release, the issuance for the quarter under review will be held on 18th July, 15th August, and 19th of September, all of which will be in three tranches each.
Bonds that will be issued on the 18th of July 2022 include a 7-year 13.53% FGN March 2025 Bond with a maturity term of 2 years and 8 months, a 10-year 12.50% FGN April 2032 due 9 years and 9 months, and a 20-year 13.00% FGB Jan 2042, maturing in 19 years and 6 months.
Similarly, on 15th August and 19th September, the 7-year 13.53% FGN March 2025, 12.5% FGN April 2032, and the 20-year 13.00% FGB Jan 2042 will be re-issued.
Also, for each of the tranches to be issued, the Federal Government seeks to raise between N70 and N80 billion.
FGN Bonds are debt securities (liabilities) of the Federal Government of Nigeria (FGN) issued by the Debt Management Office (DMO) for and on behalf of the Federal Government.
The FGN has an obligation to pay the bondholder the principal and agreed interest as and when due.
