Finance
DMO offers N85bn bonds for sell
The Debts Management Office ((DMO) says it will sell Federal Government bonds worth N85 billion. The DMO said in a statement titled “June 2013 FGN Bond Offer Circular’’ posted on its website that the bonds to be sold include two five-year and a 20-year paper. According to the statement, the first of the five-year bonds worth N25 billion will mature in April 2015 and the other worth N35 billion will mature in April 2017.
It also said that the 20-year bonds worth N25 billion would mature in July 2030, adding that all the three bonds were reopened. The DMO said the 2015, 2017 and 2030 instruments attracted 4 per cent, 15 per cent and 10 per cent interest, respectively at coupon rate. The sale is the sixth monthly debt auction for 2013.
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