FG to sell N65 billion in sovereign bonds

By The Citizen

 The Debt Management Office (DMO) on Thursday, announced it planned to sell N65 billion worth of sovereign bonds on December 17.

The debt office, in a circular posted on its website said that the bonds' maturity dates would range from three, 10 to 20 years. The three-year bonds will be for N10 billion, the 10-year tenor bond would be for N30 billion, while the 20-year tenor bond will be for N25 billion.

The bonds will mature on August 2016, March 2024 and July 2034, respectively

The DMO said that the bonds would have 13.05 per cent, 14.20 per cent and 11.15 per cent yield rates, respectively. – (NAN).