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Nairaland Forum / Nairaland / General / Business / Federal Government To Auction N100 Billion Bonds On March 27 (10625 Views)
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Federal Government To Auction N100 Billion Bonds On March 27 by Onyemadonald(m): 8:05am On Mar 23, 2019 |
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
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Re: Federal Government To Auction N100 Billion Bonds On March 27 by SLAP44: 8:06am On Mar 23, 2019 |
Inflation is above 20% and you issue bonds at 13%? Are there no educated persons in Buharri government? 16 Likes 1 Share |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by IamaNigerianGuy(m): 8:16am On Mar 23, 2019 |
SLAP44: Current inflation rate is 13.31%. Besides that, nations can hardly afford to issue bonds at 20% 6 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by SLAP44: 8:20am On Mar 23, 2019 |
IamaNigerianGuy: 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. 7 Likes 1 Share |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Mynd44: 8:32am On Mar 23, 2019 |
SLAP44:Inflation is at 11.3% Hating the government doesn’t mean we should lie or post false information. Thanks 27 Likes 2 Shares |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ainas247: 8:34am On Mar 23, 2019 |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Hezzyluv: 8:35am On Mar 23, 2019 |
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 7 Likes 1 Share |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Nobody: 8:36am On Mar 23, 2019 |
Nigeria needs Digital kinda Leaders not the Analogues. 3 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by dayleke: 8:36am On Mar 23, 2019 |
At least y'all agree that there is inflation in the land no matter what the percentage is...... That's the koko... 4 Likes 1 Share |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ajayiopy: 8:36am On Mar 23, 2019 |
CAN WE SELL THIS COUNTRY AND LET ME HAVE MY SHARE? 1 Like |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Nobody: 8:36am On Mar 23, 2019 |
So we have money in this country like this |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Nobody: 8:37am On Mar 23, 2019 |
I strongly think their is something the government is hiding about the finances of the country and its status.. 5 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Oooops: 8:39am On Mar 23, 2019 |
Jokers, With the way inflation is playing w 2 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by handsomeyinka(m): 8:40am On Mar 23, 2019 |
Where’s the venue? Copart or Iaai? |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ayusco85(m): 8:41am On Mar 23, 2019 |
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? 1 Like |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ayusco85(m): 8:42am On Mar 23, 2019 |
SugarMuffin: Which money are u talking about 3 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ellalina(f): 8:43am On Mar 23, 2019 |
I wish I took economics more serious. Now I don’t understand sheet you saying 9 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Bloooody(m): 8:43am On Mar 23, 2019 |
BABA IS WORKING 1 Like |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by greatiyk4u(m): 8:44am On Mar 23, 2019 |
K |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Tunasco4u(m): 8:47am On Mar 23, 2019 |
OK |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Nobody: 8:47am On Mar 23, 2019 |
ayusco85:The same money they mentioned |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by SPOILT9JAOLOSHO(m): 8:47am On Mar 23, 2019 |
As if Nigeria has government.. N.onsense |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by obinoral1179(m): 8:48am On Mar 23, 2019 |
ayusco85:me want to buy 10k will have 2 million by that year and how can we buy? 1 Like |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by ayofag(m): 8:48am On Mar 23, 2019 |
ayusco85: Minimum unit to buy is 50 million naira. 4 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by InaNla(f): 8:48am On Mar 23, 2019 |
SLAP44: They are all fraudulent in their nature & practice |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by Venerable612(m): 8:48am On Mar 23, 2019 |
ayusco85: The article says Minimum subscription is 50million - or did I read wrong? 2 Likes |
Re: Federal Government To Auction N100 Billion Bonds On March 27 by InaNla(f): 8:49am On Mar 23, 2019 |
Hezzyluv: Na so jareh FRAUDSTERs in government |
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