FG To Borrow N395bn Via Bonds - Business

FG To Borrow N395bn Via Bonds - Business - Nairaland

Nairaland Forum › Nairaland General › Business › FG To Borrow N395bn Via Bonds (7070 Views)

FG To Borrow N395bn Via Bonds by Omooba77(op): 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/

1 Like

Re: FG To Borrow N395bn Via Bonds by Omooba77(op): 6:58am On Jun 30, 2016

What happened to all the trillions recovered huh

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

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

6 Likes

Re: FG To Borrow N395bn Via Bonds by Nobody: 7:32am On Jun 30, 2016

How much is our National debt? huh

7 Likes

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

2 Likes

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

4 Likes 2 Shares

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 huh

Do this people mean well for our Tomorow huh

5 Likes

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

9 Likes 1 Share

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?

4 Likes 1 Share

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

10 Likes 2 Shares

Re: FG To Borrow N395bn Via Bonds by chrisBenSunny: 7:34am On Jun 30, 2016

APC and their propaganda..

All na wash..

3 Likes 1 Share

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 huh

. 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.

17 Likes 4 Shares

Re: FG To Borrow N395bn Via Bonds by Owliver(m): 7:36am On Jun 30, 2016

where are the recovered looted trillions?

3 Likes 2 Shares

Re: FG To Borrow N395bn Via Bonds by Spells(m): 7:37am On Jun 30, 2016

If I tell u say I understand this buhari regime.. Am a fat liar......

14 Likes 2 Shares

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

8 Likes 3 Shares

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

Too much confusion everywhere!

5 Likes 1 Share

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

1 2 3 Reply

$9bn Has Been Used By FG To Defend Naira, Says Senate • FG To Borrow N450bn Via Bonds In Q3 • FG To Re-evaluate Foreign Exchange Policy – Osinbajo • 2 • 3 • 4

What Is Your Experience With Access Bank Visa Signature Card? • Photos: Wild Fire Guts Yola Main Market , Jan 4th 2016 • I Have 1million Naira But Don't Know How To Invest.