The Debt Management Office (DMO) has announced the offer of three federal government bonds valued at N50 billion each for subscription by auction in May.
This is contained in a circular issued by DMO on its website on Tuesday.
A bond is a fixed income instrument that represents a loan made by an investor to a borrower — typically corporate or government.
According to the circular, the first is a 10-year reopening bond to be offered at the rate of 16.2884 percent with a maturity date in March 2027; the second is a 15-year reopening bond to be offered at 12.50 percent with a…
