DMO: FG to raise N60bn through bond issuance

Idealposts

Federal Government through the Debt Management Office, DMO is set to raise N60 billion through bond issuance.

DMO in a bond offer circular released on Wednesday on its official website stated that its plans to raise N20 billion each from the 12.75% FGN APR 2023 five-year paper, 12.50% FGN MAR 2035, 15-year paper and 12.98% FGN MAR 2050, 30-year paper all of which are to reopen next week Wednesday.

In spite of the lockdown, it had raised N156.06 billion last month and an additional N20 billion through uncompetitive bids from the three bond auctioned, higher than N60 billion, which it initially planned to raise.