The DMO has released a calendar of 1.2 trillion FGN bond issuances for the third quarter

In its third quarter "Bond Issuance Calendar" for 2023, the Debt Management Office has indicated plans to issue Federal Government of Nigeria (FGN) bonds worth 1.2 trillion.According to the schedule, the DMO will re-open a 14.55% April 2029 FGN bond on July 17. Valued between $80 and $100 billion.It has a 10-year initial tenor and a five-year, nine-month term-to-maturity. Also on July 17, the DMO will re-open a 14.70% June 2033 FGN bond with an original tenor of 10 years and a term-to-maturity of 9 years and 11 months. On the same date, the DMO will re-open a 15.45 per cent June 2038 FGN bond valued at between ₦80 billion to ₦100 billion, with 15-year original tenor, and term-to-maturity of 14 years, 11 months. Again, on July 17, the office will re-open a 15.70%, June 2053 FGN bond, valued between ₦80 billion to ₦100 billion, with 30-year original tenor, and term-to-maturity of 29 years, 11 months. On Aug. 14, the DMO says it will, again, re-open the 14.55 per cent, April 2029 FGN bond valued between ₦80 billion to ₦100 billion, this time, with term-to-maturity of five years, eight months.