DMO auctions N150b FG bonds



News Today 2

By Kadiri Abdulrahman

The Debt Management Office (DMO) on Wednesday announced the auctioning of three federal government bonds of 150 billion naira at 1,000 naira each.

Details obtained from DMO’s website indicated that the three bonds were valued at N50 billion each, with interest rates of 16.29 percent; 12.50% and 9.80%, respectively.

It listed the auction date as April 21, while the settlement date was April 23.

“The minimum units for sale are 50,001 thousand naira and thereafter in multiples of 1,000 naira.

“For reopenings of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that offsets the volume auctioned plus any accrued interest rate on the instrument,” he said. ‘OGD.

He explained that interest rates would be paid “semi-annually,” with a bullet repayment on the due date.

The office said the bonds are considered securities in which trustees can invest under the Trustees Investment Act.

“It is also qualified as government securities within the meaning of the corporate income tax law and the personal income tax law for the tax exemption of pension funds and other investors.

“It is listed on the Nigerian Stock Exchange and the FMDQ OTC Stock Exchange,” DMO explained.

The WCO added that all federal government bonds qualify as liquid assets for the purpose of calculating banks’ liquidity ratio.

He also ensured that the bonds were backed by the full faith and credit of the Federal Government and charged against the general assets of Nigeria.

He urged interested investors to contact the designated banks. (NOPE)


Short Link:


NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @

My late mother influenced my political philosophy — Gov. Diri Eid-el Fitr: Osun free train returns 600 passengers to Lagos, Oyo, Ogun Ex-President Jonathan calls for synergy among state govs PDP governors meet on Monday over security, economy Match Day 21 results in 2020/2021 NPFL Video: Dabiri-Erewa assures diaspora investors of enabling environment in Nigeria Energy administrators hold maiden investiture, task FG on safety Guardiola prepares for “incredibly tough” UEFA Champions League Kaduna Electric appeals to NLC to shelve planned strike Goalkeeper Alisson scores with powerful header as Liverpool defeat West Brom Osinbajo offers scholarship to gifted physically challenged artist PDP may lose 2022 governorship poll in Ekiti, Olujimi warns Ekiti Govt to embark on rice pyramid project, targets 1m tonnes NEDC initiates 35 projects in Taraba – Official Ex-President Jonathan says he won’t use political power to punish people Organisation offers free medical services to 300 widows, orphans in FCT Coronavirus – Zambia: COVID-19 update (April 15, 2021) Ekiti Govt. repositions technical colleges to boost vocational skills Coronavirus – Nigeria: COVID-19 case update (May 15, 2021) Governors’ Forum best platform to discuss issues affecting Nigeria – Jonathan Coronavirus – Ethiopia: COVID-19 cases reported in Ethiopia (May 15, 2021) Swiatek humilitates Pliskova for Rome title Coronavirus – Rwanda: COVID-19 update (May 15, 2021) Smart World: Learnali, TechHerNG to empower 10,000 Africans District in China closes schools over COVID-19 resurgence Supporters Club hails Ndidi, Iheanacho for FA Cup glory Gales, hail batter thousands in China’s Jiangxi Ogun Housing Initiative Addressing Growing Deficit Britain confident jabs work against Indian variant Rwandan President praises new mindset for African football Nigeria reports 41 new COVID-19 infections COVID-19: Berlusconi back out of hospital after a week 592 presidential candidates emerge in Iran Basketball Africa League 2021: in numbers Paediatrician explains why some babies cry at night Pope denounces child abuse as ‘psychological murder’ Coronavirus – Kenya: COVID-19 update (May 15, 2021) Police arrest 16 suspects over cultism in Enugu Spy thriller “Cliff Walkers” continues leading China box office COVID-19 Vaccine: NPHCDA inoculates 1.8m so far UN’s Guterres ‘dismayed’ by civilian casualties in Gaza standoff Egypt begins expansion of Suez Canal’s southern stretch Coronavirus – Zimbabwe: COVID-19 update (May 15, 2021) Campenaerts 7th after an impressive breakaway effort on stage 8 of the Giro d’Italia Biden discusses Gaza conflict with Israeli, Palestinian leaders Gov. Buni for grants financial autonomy to judiciary in Yobe Egypt to host inaugural CAF Women’s Champions League finals NOUN VC urges 17,804 matriculating students to be studious, courageous Navy releases list of successful candidates for Basic Training School  Flood: Gov. Yahaya warns residents against dumping refuse in drainages