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DMO makes history as FGN risk-free yield curve extended to 30yrs

…FMDQ, others applaud FGN, DMO and buy-side

The Nigerian debt capital markets (“DCM”) experienced a landmark occasion in April 2019, when the Federal Government of Nigeria (“FGN”), via the Debt Management Office (“DMO”), issued its longest-tenored local currency bond – a 30-year bond – for the first time in history. The issuance of the ₦53.16bn Fixed Rate (14.80 percent) FGN Bond is…

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