The Debt Management Office (DMO) has announced a N300 billion bond auction for March 24, 2025, to finance budget deficits and infrastructure projects. The bonds, both re-openings of previous issuances, include:
N200 billion – 19.30% FGN APR 2029 (5-Year Bond)
N100 billion – 19.89% FGN MAY 2033 (9-Year Bond)
Key Features & Investor Benefits
High Yields: Competitive 19.30% (5-year) and 19.89% (9-year) returns.
Tax Exemption: No tax on interest for pension funds and certain investors.
Liquidity: Tradable on NGX and FMDQ exchanges.
Security: Backed by Nigeria’s government assets.
Auction & Settlement
Bids must be placed via primary dealers, with settlement on March 26, 2025. This issuance aligns with Nigeria’s debt management strategy while offering low-risk, high-yield investment options.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
