Tag: Bond
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Investors invited as Nigeria unveils $500 Million bond, subscription open until August
The Federal Government of Nigeria has officially launched a $500 million dollar-denominated bond, available for subscription starting August 19, 2024. This follows the government’s earlier announcement of its intention to issue the bond as part of its financing i
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Adeleke approves N1.6bn bond certificates for 346 retirees
Gov. Ademola Adeleke of Osun has approved the release of bond certificates worth N1.6 billion for 346 retirees under the contributory pension scheme. This is contained in a statement issued by the
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DMO to auction 3 new FGN bonds valued at N225bn in April
The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for subscription through auction in April. They are an N75 billion FGN bond at a 13.5 per cent interest rate, due in March 2025 (10-year re-opening) and an N75 billion FGN bond, due in April 2032…
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Ecobank Nigeria Announces $300m Bond Pricing
Ecobank Nigeria announced that it has successfully priced its $300 million bond issuance maturing in February 2026, with settlement of the debt instrument to take place on February 16, 2021. According to a statement from the bank, the fixed-rate, US dollar-denominated bond, with a tenor of 5 years, carries a coupon rate of 7.125% and…
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Investors oversubscribe Nigeria’s 30-year bond by 400%
On Wednesday, the Debt Management Office (DMO) issued the first 30-year FGN bond, offering N20 billion worth of the note to interested investors. At the close of the auction Thursday, the debt office said it received subscriptions valued at N80.41 billion from investors, representing a 400 percent subscription rate. According to details of results of…
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FG to issue N20bn 30-year bond on April 24
The Debt Management Office (DMO) says the Federal Government will on April 24, issue a 30-year bond for the first time. The DMO said in a circular on its website on Wednesday in Abuja, that the N20 billion 30-year paper would mature in April 2049. Other bonds on offer are a 10-year new issue of…
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2019 Budget: FG Needs N10trn Bond for Roads, Power – Fashola
From Jonas Ike, Abuja Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria needs at least N10 trillion bond to develop key infrastructures such as roads and power. Fashola gave the hint on Monday during a budget defence session with the House of Representatives Committee on Works, chaired by Hon.Toby Okechukwu (PDP, Enugu) at…
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Nigeria needs N10trn infrastructure bond to curb deficit – Fashola
The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said that N10 trillion infrastructural bond was needed to meet up with infrastructural deficit and advance the course of Nigeria’s development. Fashola made this known on Monday in Abuja at a meeting with members of the House of Representatives Committee on Works to defend…
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FG plans issuance of N10.6bn bond to finance renewable energy – DMO
The Director-General, Debt Management Office, DMO, Patience Oniha, has said the federal government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment. Mrs. Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum organised by the federal ministries of environment and finance, in…
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FG allots N738.14m in August savings bond sales
The Federal Government allotted N738.14m in its August 2019 and 2020 savings bond sales. The Debt Management Office on its website on Wednesday said that N215.64m was allotted at 13.53 per cent with 328 successful subscriptions to mature in August 2019. It stated that N522.50m was allotted at 14.53 per cent with 433 successful subscriptions…