DMO to Issue Up to N390bn Bonds Between January and March

The Debt Management Office says it plans to issue between N260 billion and N390 billion in a five, 10 and 20-year bonds in the first quarter of the year.

The debt office, in its website, on Monday, said it would issue between N40 billion and N60 billion in bonds that would mature in 2020 in January and February respectively.

It says it will also issue about N30 billion of the same tenor bonds in March.
The DMO added that it would also issue between N40 billion and N60 billion bonds that would terminate in 2026 in the first three months of 2016.

According to the DMO, the first N40 billion and N60 billion bonds for 20 years that will terminate in 2036, will be issued in March.