The Federal Government has presented for contribution by auction N90 billion value of bonds in its Aug. 15 auction, the Debt Management Office (DMO) has said.
The contribution circular obtained from its website on Thursday in Abuja disclosed that it would sell N25 billions of a five-year re-opening issue development in April 2023 at 12.75 percent.
It would also sell N25 billion seven-year re-opening bond to develop in March 2025 at 13.53 percent and another N40 billion 10 year re-opening at 13.98 percent to develop in Feb. 2028.
Nigeria issues autonomous bonds monthly to support the local bond market, create a standard for business issuance and fund its budget insufficiency.
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