The Debt Management Office (DMO) has declared bond issuance worth N450billion. The auction, slated for May 13, 2024, is part of the government’s approach to fund its financial needs while offering avenues for investors. The upcoming auction will showcase three series of bonds, each with distinct maturity periods and competitive returns. The first in line is the five-year reopening of the 19.30 percent FGN APR 2029 bond, which aims to amass N150bn. This series promises investors a fixed return rate of 19.30 percent, guaranteeing consistent earnings. Following suit is the…
Read MoreDMO unveils N450bn Bond for May
