Nigeria to issue N20bn 30-year bond next week

For more news updates visit https://www.financialwatchngr.com/

nigeria to issue n150bn green bonds in 2018

Nigeria to issue N20bn 30-year bond next week – The Debt Management Office (DMO) says the Federal Government will on April 24, issue a 30-year bond for the first time.

The DMO said in a circular on its website on Wednesday in Abuja, that the N20 billion 30-year paper would mature in April 2049.

Other bonds on offer are a 10-year new issue of N40 billion to mature in April 2029 and a five-year re-opening of N40 billion to mature in April 2023, which was offered at 12.75 per cent.

The circular, however, did not indicate the interest rates for the new issues.

Ms Patience Oniha, the Director-General, DMO had at a news conference on April 4, revealed plans by the Federal Government to issue the 30-year paper.

She said that the bonds were considered, given the relatively low interest rates compared to 2017 levels of more than 18 per cent.

“The issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the Federal Government.

“Another area of focus will be the management of risks associated with the debt stock to mitigate debt service costs.”

She added that the 30-year issue would enable government raise long-term capital for infrastructure, serve as benchmark for private sector raising of long-term investment capital.

It would also reduce short-term debt and deepen the Life Insurance sector in particular.

According to 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 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.

Do you need high paying jobs in Nigeria? If yes Submit your CV here and stand a chance of landing your dream job!

Download all job past questions & answers here to get ahead of others in getting that your dream job – Download here now!

4 Comments

  1. *📢 RICH CONNECT INVESTMENT PLATFORM

    *This is an investment package, where you donate any certain amount and earn double of it. We merge participants to donate to each other in order to achieve their financial aims*…

    *WHY SOME PEOPLE STAY BROKE!*
    1. *Full of Doubt*
    2. *Fear of other failed businesses*
    3. *Comfortable with being broke*
    4. *Keep looking for proof / results*
    5. *Always scared to take risk and always thinking negatively*
    6. *Always waiting for someone else to succeed first before joining… *when they can be the successes themselves*
    *Be positive dear!*

    *The journey of a thousand mile begins with a *Step*.
    *TAKE THAT BOLD STEP, START GET STARTED*
    *JoinTodayAndSmileTomorrow*

    *HOW IT WORKS*
    👇 👇 👇

    *Donate 10k and earn 20k*

    *Donate 15k and earn 30k*

    *Donate 20k and earn 40k*

    *Donate 25k and earn 50k*

    *Donate 30k and earn 60k*

    *Donate 40k and earn 80k*

    *Donate 50k and earn 100k*

    *Donate 100k and earn 200k*

    *Donate 200k and earn 400k*

    *Donate 150k and earn 300k*

    *Donate 400k and earn 800k*

    *Donate 300k and earn 600k*

    *Donate 500k and earn 1Million*

    *All payments are gotten within every 45MINUTES to an hour from the time of confirmation of the payment. .* *You can gain for life if you multi invest and/or keep reinvesting. You will find out that no day will pass without you earning*.
    *NO PONZI*
    *NO REFERRAL*
    *NO SCAM*
    *Contact :MR BEST on * 2349034825617*.

  2. HERE IS THE PROMO FOR YOU ON VISA APPLICATION . CALL AGENT OR WHATSAPP HIM ON <Phone/ ☎️ {09068454901}
    Our offer Packages are as follows:
    1: USA 2Years Visiting VISA (Single Adults= N600,000, while Married couples with kids N800,000)
    2: UK 6Months Visa (Single Adults= N500,000, while Married couples with kids N800, 000)
    3: CANADA 6Months Visa (Single Adults=N600,000, while Married couples with kids N800,000)
    4: Schengen 3Months Visa (Single Adults=N500,000, while Married couples with kids N700,000)
    5: We also offer study packages to study in UK, CANADA AND NETHERLAND FOR B.SC , MASTERS, or CERTIFICATE short courses of your choice. (Tuition fees are very low!!! And you can be working while studying)
    Please note that in the ABOVE packages, there is no “DOWN PAYMENT”. The 100% ABOVE PAYMENT is to be paid after you VISA is out/confirmed to you. (NO BLIND BUSINESS/PAYMENT).
    Please only serious interested persons should contact us with below contacts info: Mr John kolawole 09068454901

  3. NEWAGE 🏦 INVESTMENT*
    *NO MORE EXCUSES*
    👈👈🗣🗣🗣🗣🗣🗣🗣
    👇👇👇👇👇👇👇👇

    1. I don’t have money
    2. I can’t meet up with others
    3. I can’t cope with my bills
    4. I can’t improve on neccesary areas

    🔕🔕🔕🔔🔔🔔📣🔕
    Your excuses may be legit but they won’t improve your Life.

    •NEWAGE 🏦 INVESTMENT is Fully Registered with with GNI. with RC NO 563855 (For those Who Think GNI Insurance is Not Registered)* *for more explanation Watsapp Administrator Management On *(+2349013135413)*

    *NEWAGE INVESTMENT 🏦 is a platform network that deal with investing of money just within 40-45 minutes you will get back your money double*

    *NEWAGE INVESTMENT 🏦 PACKAGE’S
    *N5,000 =N10,000*🔂
    *N10,000=N20,000*🔂
    *N20,000=N40,000*🔂
    *N30,000=N60,000*🔂
    *N40,000=N80,000*🔂
    *N50,000=N100,000*🔂
    *N100,000=N200,000*🔂
    *N200,000=N400,000*🔂

    I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world.

    I assure you 101%that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.

    Are u a worker?
    Are u a student looking for your school fees?
    Are u a woman looking for money to pay your children school fees?

    Are u jobless and u need where u can make source of income?

    NEWAGE 🏦 INVESTMENT is here for you! With a little amount u can earn and make more more source of income……..m

Leave a Reply

Your email address will not be published.