According to the Debt Management Office (DMO), The Federal Government will auction by subscription N100 billion worth of bonds on March 27.

The DMO disclosed this in a circular on its official website on Tuesday in Abuja, that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at 12.75%. It said that the seven-year re-opening bonds also of N40 billion to mature in March 2025 would be auctioned at 13.53%.

It added that the 10-year bonds, also re-opening, of N20 billion which would be due in Feb. 2028, would be auctioned at 13.98%.

According to the DMO, units of sale is N1,000 per unit, subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter. The DMO explained that the bonds are backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment will be made on maturity date.
Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.

SOURCE: https://www.trendingaccounting.com/2019/03/federal-government-to-auction-n100.html

Inflation is above 20% and you issue bonds at 13%?

Are there no educated persons in Buharri government?

SLAP44:
Inflation is above 20% and you issue bonds at 13%?

Are there no educated persons in Buharri government?

Current inflation rate is 13.31%.
Besides that, nations can hardly afford to issue bonds at 20%

IamaNigerianGuy:


Current inflation rate is 13.31%.
Besides that, nations can hardly afford to issue bonds at 20%

The current rate is 13.31% and you issue bonds at 12.75%

These guys needs to go learn a trade at Alaba international market because their lecturer failed woefully.

SLAP44:
Inflation is above 20% and you issue bonds at 13%?

Are there no educated persons in Buharri government?

Inflation is at 11.3%

Hating the government doesn’t mean we should lie or post false information.

Thanks

Inflation about 12% and bonds 20%.

Buhari's cabinet is full of Olodo saints that hates corruption.

Next level economic brouhaha.

I knw of 'I came I saw and I conquered'

but for BUHARI,

'I came I saw but e pass my power'


PDP caused it. let the blame game continues

Nigeria needs Digital kinda Leaders not the Analogues.

At least y'all agree that there is inflation in the land no matter what the percentage is......

That's the koko...

CAN WE SELL THIS COUNTRY AND LET ME HAVE MY SHARE?

So we have money in this country like this

I strongly think their is something the government is hiding about the finances of the country and its status..

Jokers,
With the way inflation is playing w

Where’s the venue?

Copart or Iaai?

If I buy 5000 Naira bond on Wednesday March 27 , for a duration of 10yrs. Will I get upto 1million by its maturity date in 2028?

SugarMuffin:
So we have money in this country like this

Which money are u talking about

I wish I took economics more serious. Now I don’t understand sheet you saying

BABA IS WORKING

K

OK

ayusco85:


Which money are u talking about

The same money they mentioned

As if Nigeria has government.. N.onsense

ayusco85:
If I buy 5000 Naira bond on Wednesday March 27 , for a duration of 10yrs. Will I get upto 1million by its maturity date in 2028?

me want to buy 10k will have 2 million by that year and how can we buy?

ayusco85:
If I buy 5000 Naira bond on Wednesday March 27 , for a duration of 10yrs. Will I get upto 1million by its maturity date in 2028?

Minimum unit to buy is 50 million naira.

SLAP44:
Inflation is above 20% and you issue bonds at 13%?

Are there no educated persons in Buharri government?

They are all fraudulent in their nature & practice

ayusco85:
If I buy 5000 Naira bond on Wednesday March 27 , for a duration of 10yrs. Will I get upto 1million by its maturity date in 2028?

The article says Minimum subscription is 50million - or did I read wrong?

Hezzyluv:
Inflation about 12% and bonds 20%.

Buhari's cabinet is full of Olodo saints that hates corruption.

Next level economic brouhaha

Na so jareh


FRAUDSTERs in government