The management of the Debt Management Office (DMO) has published the schedule of local borrowings of about N720billion by the Federal Government for the second quarter.
The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’.
According to the circular sighted on the DMO website show the calendar on April 25, to be date for DMO would open a new, 2032 FGN bond, valued at between N70billion to N80billion, with a tenor of 10 years.
With an interest rate of 13 per cent per annum.
Also on April 25, the DMO will re-open 2025, two-year, 11 months FGN bond valued, at between N70billlion to N80billion.
Goes with an interest rate of 13.53 per cent, with the original tenor of seven years.
The DMO will also re-open a 2042 FGN bond on the same date, valued at between N70billion to N80billion.
May 16 will witness the re-opening of a 2025, two years, 10 months FGN bond, valued at between N70billion to N80billion.
With an interest rate of 13.53 per cent per annum, with the original tenor of seven years.
On the same date, it will offer a new, 2032 FGN bond valued at between N70billion to N80billion.
While this has a tenor of nine years, 11 months, and an interest rate of 13 per cent.
Also on May 16, the DMO will re-open a 2042 FGN bond for subscription, valued at between N70billion to N80billion, with a tenor of 19 years, eight months.
On June 20, the DMO will re-open an April 2032 FGN bond, valued at between N70billion to N80billion, with 19 years, seven months tenor.
It would also re-open March 2025 FGN bond, valued at between N70billion to N80billion, with two years, nine months tenor.
Also, June 20 will witness the re-opening of a 2042 FGN bond, valued at between N70billion to N80billion.
According to the DMO bond issuance calendar, the country’s debt stock is likely to increase by N720 billion in the second quarter of the year.
The DMO had earlier revealed that the total debt stock of Nigeria as at December 2021 was N39.55trillion.
