The Debt Management Office says the Federal Government will offer N150bn bonds for subscription in July.
A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50bn each.
They are 10-year reopening bond to be offered at the rate of 13.98 per cent and to mature in February 2028; a 20-year reopening bond to be offered at 12.4 per cent and mature in March 2036; and a 30-year reopening bond to be offered at 12.98 per cent and mature in March 2050.
According to the DMO, the bonds, which will be auctioned on July 19, 2021, have a settlement date of July 23, 2021.
The DMO had earlier disclosed that the Federal Government’s bonds for June worth N150bn were oversubscribed by N267.48bn.
The total subscriptions received from investors for the bonds was N417.48bn, comprising N66.21bn for 16.2884 per cent FGN March 2027 bonds; N127.45bn for 12.5 per cent FGN March 2035 bonds; and N223.82bn for 12.98 per cent FGN March 2050 bonds.