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FG To Borrow N395bn Via Bonds - Business - Nairaland

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FG To Borrow N395bn Via Bonds by Omooba77: 6:39am On Jun 30, 2016
The Federal Government is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year, the Debt Management Office has said.

The DMO said on Wednesday it would auction between N105bn and N135bn worth of bonds maturing in 2021, 2026 and 2036 in July, while same bonds valued at between N95bn and N125bn would be sold in August; and N105bn and N135bn worth of the paper would be sold in September.

In its latest debt issuance calendar, the debt office said the 2021 paper was a new issue, while the 2026 and 2036 maturing paper re-opened previously issued debt, Reuters reported.

The Federal Government issues sovereign bonds monthly to support the local bond market to create a benchmark for corporate issuance and fund its budget deficit.

The government has said it will borrow about N900bn locally to finance part of the N2.2tn deficits in the 2016 budget.

The debt office had on April 5 announced that it plans to raise between N274bn and N365bn in local currency-denominated bonds with maturities ranging between five and 20 years in the second quarter of the year.

In its latest bond issuance calendar, the DMO also said it would in June raise between N10n and N20bn in five-year, N35 to N45bn in 10- year and N45bn to N55bn worth of 20-year paper. The agency said all were re-openings of those previously issued.


www.punchng.com/fg-borrow-n395bn-via-bonds/

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Re: FG To Borrow N395bn Via Bonds by Omooba77: 6:58am On Jun 30, 2016
What happened to all the trillions recovered?

43 Likes 3 Shares

Re: FG To Borrow N395bn Via Bonds by dgr8truth(m): 7:08am On Jun 30, 2016
Re: FG To Borrow N395bn Via Bonds by Nobody: 7:10am On Jun 30, 2016
Omooba77:
What happened to all the trillions recovered?
Did you really believe those fairy tales about recovery ? cheesy cheesy

38 Likes 2 Shares

Re: FG To Borrow N395bn Via Bonds by brunofarad(m): 7:30am On Jun 30, 2016
Ok



Guess the recovered loot is not for national consumption


SMH

14 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by veekid(m): 7:31am On Jun 30, 2016
Wahala wao
Re: FG To Borrow N395bn Via Bonds by Nobody: 7:31am On Jun 30, 2016
Gddd
Re: FG To Borrow N395bn Via Bonds by Adesiji77: 7:31am On Jun 30, 2016
Season of borrowing

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Re: FG To Borrow N395bn Via Bonds by Nobody: 7:32am On Jun 30, 2016
How much is our National debt?

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Re: FG To Borrow N395bn Via Bonds by obembet(f): 7:32am On Jun 30, 2016
I only believe News from my oga at the top..lai Mohammed

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Re: FG To Borrow N395bn Via Bonds by charles594(m): 7:33am On Jun 30, 2016
how do they intend on paying

4 Likes

Re: FG To Borrow N395bn Via Bonds by Agimor(m): 7:33am On Jun 30, 2016
Why is Buhari not putting the recovery loots into use or is it just a charade?

12 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by enitan16: 7:33am On Jun 30, 2016
God help us in this country,soon we would have borrowed into our children's time

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Re: FG To Borrow N395bn Via Bonds by Cherishing(f): 7:33am On Jun 30, 2016
N395bn Jesu!


Haba its over N1bn/day in a year

Do this people mean well for our Tomorow

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Re: FG To Borrow N395bn Via Bonds by Nobody: 7:33am On Jun 30, 2016
This will be the first test on whether zombies can place money where their mouth is. T bills were over subscribed under GEJ by both local and foreign buyers

If you believe PMB is on the right path please buy his bonds

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Re: FG To Borrow N395bn Via Bonds by tammie24: 7:33am On Jun 30, 2016
Those people commending buhari for recovering stolen money will not come and ask sensible questions now o!


After all the money they recovered whats the need to borrow again


Abi the money and our economy dey fight?

10 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by hucienda: 7:33am On Jun 30, 2016
Borrow again?

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Re: FG To Borrow N395bn Via Bonds by massinola(m): 7:33am On Jun 30, 2016
we have never been confused in this country before like now. trillions of naira have been said to be recovered, still we need to borrow just three hundred plus billion to finance the budget deficit. what happened to the so called recovered money. some people will soon run here to quote and insult me with their usual the cases are still in court and therefore the money can't be used talks. we only get to be reminded of the court cases whenever we ask questions about the recovered money, but the federal government can remand the so called looters in prison without the court convicting them. the day the truth about this arm's scandal will be revealed will be the day Nigerians start asking this government to account for the trillions of naira they said to have recovered. be ready that time to hear another set of lies and denial, I didn't say so, adesina, lie Mohammed or vp osibande said so, hahahaha. what a country

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Re: FG To Borrow N395bn Via Bonds by chrisBenSunny: 7:34am On Jun 30, 2016
APC and their propaganda..



All na wash..

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Re: FG To Borrow N395bn Via Bonds by Nobody: 7:34am On Jun 30, 2016
Only the very ignorant will invest on Futures of a country that has no hope of a united future.

5 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by Apelex(m): 7:34am On Jun 30, 2016
Omooba77:
What happened to all the trillions recovered?


They are for the Recoverer.. grin

5 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by Onabanj(m): 7:34am On Jun 30, 2016
I hope the borrowed money will be channel to some things that will benefit all.

1 Like

Re: FG To Borrow N395bn Via Bonds by clefstone(m): 7:35am On Jun 30, 2016
Borrow borrow govt

6 Likes 2 Shares

Re: FG To Borrow N395bn Via Bonds by Nobody: 7:35am On Jun 30, 2016
what happened to TSA and recovered loots. my fellow Nigerians we have seen both APC and PDP are using our destiny to play ludo, military had been dollarised so no hope of coup. the only option is revolution.

19 Likes 3 Shares

Re: FG To Borrow N395bn Via Bonds by legendte(m): 7:35am On Jun 30, 2016
Stupidity is when you saved 3 trillions from TSA, recovered 625 billion from looters yet you still want to borrow 395 billion with interest.

Well, who am I to criticise? Lai Muhammed deserves an award for sustaining the gullible zombies.

Waiting for the ZOMBIES to shout SAI BABA

14 Likes 3 Shares

Re: FG To Borrow N395bn Via Bonds by PigMeat: 7:35am On Jun 30, 2016
why borrowing when we have recovered so much money from the loots of the previous govt?
I pity the generation yet unborn, the amount of debts that will be accumulated for them with the way this govt is going will be an unbearable one. I pray God gives me the required money to send my future children out of this country in future time. I dont want to pray for nigeria, because my prayer will be meaningless. God doesnt work for u, God works with u. Nigerian govt and its blind supporters are not ready to do things right, how do we expect our prayers to be answered? I will spend my last cash to make sure my kids doesnt remain in this country.

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Re: FG To Borrow N395bn Via Bonds by Owliver(m): 7:36am On Jun 30, 2016
where are the recovered looted trillions?

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Re: FG To Borrow N395bn Via Bonds by Spells(m): 7:37am On Jun 30, 2016
lipsrsealed If I tell u say I understand this buhari regime.. Am a fat liar......

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Re: FG To Borrow N395bn Via Bonds by francizy(m): 7:38am On Jun 30, 2016
Answer this question correctly for a chance to win 1% of the money in the Nigerian TSA:


1. Who handles the moneys President Mohammadu Buhari recovered from looters of the previous administration?

a. Aisha Buhari (wife of the president)
b. General Tukur Yusuf Buratai
c. Abba Kyari
d. Lawal Musa Daura
e. All of the above...

cheesy grin cheesy grin

8 Likes 3 Shares

Re: FG To Borrow N395bn Via Bonds by Sunnycliff(m): 7:38am On Jun 30, 2016
Too much confusion everywhere!

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Re: FG To Borrow N395bn Via Bonds by id911(m): 7:38am On Jun 30, 2016
Borrow again？What about over 3 trillion dem say they recorver from treasury looters？Abi dem lie again？

Chai！ Liar Mohammed, see weti you caused. You have infected everyone in this administration with your lying spirit and the funny thing is, no matter how obvious the lie is, some people go still believe am.

5 Likes

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