January 18, 2023
THE Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023.
The DMO disclosed this in its FGN Bonds issuance calendar for Q1 2023.
Among other things, the calendar shows that the DMO will sell between N320 billion and N400 billion worth of FGN bonds in each of the three months in Q1 of 2023.
The FGN bonds come in four different maturities and interest rates namely 13.98% FGN FEB 2028, 12.50% FGN APR 2032, and 16.2499% FGN APR 2037.
