The Debt Management Office (DMO) says it will re-open two Federal Government Bonds, valued at three hundred and fifty billion naira, for auction at a subscription rate of one thousand naira per unit.
DMO made this known in a statement, noting that the offers will be auctioned on April twenty-eight and have their settlement date by April thirty.
DMO also said that it is authorised to receive applications for bonds in two tranches, with the first being two hundred billion naira for a five-year savings bond due to mature in April 2029 at nineteen point three percent per annum.
According to the Office, the second tranche is one hundred and fifty billion naira for a nine-year savings bond due to mature in May 2033 at an interest rate of nineteen point eight-nine percent per annum.
It noted that transactions will be at one thousand naira per unit, subject to a minimum subscription of fifty million and one thousand naira, and in multiples of one thousand naira thereafter.
