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DMO records 1,322 successful subscriptions, N1.7bn allotment in June FGN bond offers

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The Debt Management Office (DMO) says it recorded 1,322 successful subscriptions and N1.7 billion total allotments in its two Federal Government of Nigeria (FGN) bond offers for June.

This is contained in the FGN bonds allotment result released by the organisation.

It was reported that the DMO offered two FGN bonds for subscription on June 6.

The first one was a June 2024 FGN bond at interest rate of 8.20 per cent per annum, while the second one was a June 2025 FGN bond at 9.20 per cent per annum.

Settlement date for both offers were June 15, 2022 and coupon payment dates are Sept. 15, Dec. 15, March 15 and June 15. They have a two-year and three-year tenor respectively.

According to the DMO, the June 2024 FGN bond offer received 701 successful subscriptions and N759.92 million total allotment, while the June 2025 bond received 621 successful subscriptions and N1.104 billion allotment.

Kadiri Abdulrahman

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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