The Federal Government to sell N135 billion worth of bonds in its July 12 auction, the Debt Management Office (DMO) has said.
The offer circular, which was obtained from its website said it would sell N35 billion of bonds that would mature in July 2021 at 14.50 per cent.
It would also sell N50 billion at 16.28 per cent to mature in March 2027, while another N50 billion of paper would be sold at 16.24 per cent to mature in April 2037.
All the bonds on offer are re-openings of previous issues, the circular said.
It will be recalled that the Federal Government through the Debt Management Office (DMO) Nigeria (FGN) Savings Bond in March.
The offer, available exclusively on the Nigerian Stock Exchange, opened for five days effective Monday, March 13, 2017 and has been issued monthly thereafter.
To ensure a successful take-off, DMO has accredited 87 stockbroking firms of the Nigerian Stock Exchange to market and distribute the Savings Bond.