DMO to auction N105bn worth of bonds, June 15

The Debt Management Office (DMO) has disclosed plans to raise N105 billion worth of bonds in three categories on June 15.
This is contained in the DMO’s April “Bond Circular” posted on its Website, Tuesday.
It stated that the three categories of bonds include 20-year bond, 10-year bond and five-year bond.
The circular stated that the 20-year bond would be N50 billion, the 10-year bond (N40 billion) and N15 billion worth for the five-year bond.
It stated that the three categories of bonds would mature in March 2036, January 2026 and February 2020, respectively.
The DMO stated that the three categories of bonds also had different coupon rates of 12.40 per cent, 12.50 per cent and 15.54 per cent, respectively.
It stated that the bonds to be auction on June 15 were all re-openings and with settlement date of June 17.