NewStats: 3,261,342 , 8,173,727 topics. Date: Wednesday, 28 May 2025 at 09:28 PM 3l2z1q

The Debt Management Office on Wednesday disclosed that the Federal Government would offer N150bn bonds for subscription in April.
A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth N50bn each.

They are 10-year reopening bond to be offered at the rate of 16.2884 per cent and to mature in March 2027; a 15- year reopening bond to be offered at 12.5 per cent and mature in March 2035; and the third and longest bond which is a 25-yeaer reopening bond to be offered at 9.8 per cent and mature in July 2045.

According to the DMO, the bonds which would be auctioned on April 21, 2021 have a settlement date of April 23, 2021.

The DMO had earlier disclosed that the Federal Government’s bonds for March worth N150bn which were auctioned were oversubscribed by N183.48bn.

The total subscription received from investors for the bonds was N333.48bn comprising of N65.25bn for 16.2884 per cent FGN March 2027 bonds; N110.19bn for 12.5 per cent FGN March 2035 bonds; and N158.04bn for 9.8 per cent FGN July 2045 bonds.

The auction result added that out of 82, 125 and 215 total bids for the tenures, 48, 88 and 176 were successful.

It stated that a total of N262.1bn was allotted, comprising of N44.01bn, N86.29bn and N131.80bn respectively.

https://punchng.com/fg-to-auction-n150bn-bonds-in-april/

9ice

Aaa007:
9ice

What is nice in BOND?
Some of you are financially naive

Only if they are not going to auction it to themselves..

Nice

Someone should please explain how bonds work

this is how we will wake to read that Nigeria has been put up for auction one of these days

And they said Obaseki lied.... obviously eyes would be on the next FAAC allocation, that is why the rush sale of bonds in April that has gone half way already.

symbianDON:
this is how we will wake to read that Nigeria has been put up for auction one of these days

As in ehn.....choi!!

Honestly I don't understand what this is all about. Please can someone educate me on this?

Esseite:
And the said Obaseki lied....

Why don't we just print more money?

But to be honest, our government suckz at cleaning crime scenes. they always wait till they are caught first

Can someone explain this economics in simple ?

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* I am willing to collect car on hire purchase.
* I can pay up to 30 - 35k weekly.
* I have experience in the transport business. ( Over 5 Years Experience )
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* I was a mini Bus Driver before i stopped it due to the intimidation of Lagos State Task Force.
* I am responsible and i Keep to my word.
* I am very hard working and i can work for more than 15 hours daily.
* Please give me a chance.
* I Dont mind if the vehicle hire purchase price is 4 Million Naira. ( I am hard Working , I will pay up insha Allah )

This is just slightly above 1% interest per year. Treasury bills no dey pay again. For those investing,how sure are you that Nigeria will remain one country at 2027?
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No where to borrow from again.
This is outright mortgage.
Maybe Qatar will buy all as this might be the only viable reason they wanna loan Nigeria money.

I see Nigerian aviation industry going to Qatar.

Na to hawk Nigeria remain.
Bad market for whoever has interest. Anyways, na Dem Dem go buy am.

Just buy BnB or some other coins...

Officialhorlah:

https://punchng.com/fg-to-auction-n150bn-bonds-in-april/

In 10years, even with the interest but with likely devaluation of the Naira it will be like someone is standing still for 10years

Bonds? That will have the FG paying back huge amounts in the future when they're all out of office. Honestly, this is sad, everything this people have done is loan money with repayment times that won't concern them when it's due.. Smh

Buhari is always living in bondage

E go clear for our eyes

PHPdeveloper200:
This is just slightly above 1% interest per year. Treasury bills no dey pay again. For those investing,how sure are you that Nigeria will remain one country at 2027?

Lol, if there's nothing we're so sure of;

1. Death
2. Nigeria will continue to exist

Then they will now devalue the naira by 50% to pay back

They already devalued the naira like four times in a row now

I don't trust this Nigeria government

I wont be suprised if they auction Nigeria on iaai or copart.

Our leaders are so wicked.

walcruise:
Someone should please explain how bonds work

See refresher

https://nairaland.unblockandhide.com/search?q=bond+hotguy27&board=0

PHPdeveloper200:
This is just slightly above 1% interest per year. Treasury bills no dey pay again. For those investing,how sure are you that Nigeria will remain one country at 2027?

Lol
When I can stake crypto assets and earn more

Mad ness

Wahala for who no sabi what's up

Worthless bond