By InvestAdvocate
Lagos (INVESTADVOCATE)- Nigeria’s Debt Management Office on behalf of the Federal Government of Nigeria (FGN) Wednesday offered a N70 billion Sovereign Bonds within a 10 year period.
This is contained in a Circular by the Debt Management Office and obtained by www.investadvocateng.com.
The DMO said it would sell N35 billion each in the 5-year and 10-year paper with term-to-maturity of four years and 11 months and nine years and eight months, respectively.
DMO also affirmed that both Bonds are due to mature in 2017 and 2022 respectively and are re-openings of previous issues.
According the DMO, it reserves the right to alter the amount allotted in response to market conditions.
The Auction and Resettlement Date for both Bonds are May 16 2012 and May 18 2012 respectively.
A summary of the Offer shows that Units of Sale is N1, 000 per unit subject to a minimum subscription of N10, 000 and in multiples of N1, 000 thereafter.
This is coming on the heels of a N50 billion Bond issued in March 2012.
Click here to download Circular
