DMO to raise three bonds worth N73bn

The Debt Management Office (DMO), on Thursday, said it will raise N73 billion worth of bonds in three categories on January 14.

According to the DMO, the three categories of bonds will are 20 years, 10 years and five years bonds.

It said that the three bonds would be issued in N24 billion, N25 billion and N24 billion respectively.

It said the bonds would mature in July 2034, March 2024 and April 2017 respectively.

The DMO said that the bonds would open in 12.15 per cent, 14.20 per cent and 15.10 per cent respectively.

It added that the settlement date for the three bonds would be on Jan.16.

The DMO said that all the bonds could be re-opened if there was any need.

(NAN)