Press Release: September 2019 FGN Bond Auction Oversubscribed

Wednesday, 25 September 2019 16:52

PRESS RELEASE

SEPTEMBER 2019 FGN BOND AUCTION OVERSUBSCRIBED

The Debt Management Office (DMO) conducted the monthly Auction of FGN Bonds on Wednesday, September 25, 2019. Three (3) Instruments ­ (5-year, 10-year and 30-year bonds) with a total face value of N150.00 billion, were offered to investors at the Auction. The total subscriptions received from competitive bids for the instruments was N160.90 billion. In addition, there were also non-competitive bids of N46.60 billion, taking the total subscription received (competitive and non-competitive) to the sum of N207.50 billion.

As in previous Auctions, Investors sentiments remained strong for the longer-dated bonds. Subscriptions received from competitive bids for the 10-year and 30-year bonds were N82.91 and N63.66 billion, compared with the amount offered of N50.00 billion and N55.00 billion, for the two instruments, respectively.

Allotments were made to successful bidders at 14.3900% for the 5-year, 14.4300% for the 10-year and 14.6400% for the 30-year bonds. The amount allotted to competitive bidders for the three (3) instruments was N100.00 billion, while the sum of N46.60 billion was allotted to non-competitive bidders. Overall, the total amount allotted at the Auction was N146.60 billion.

DEBT MANAGEMENT OFFICE

The Presidency

NDIC Building (First Floor),

Plot 447/448 Constitution Avenue,

Central Business District,

P.M.B. 532, Garki, Abuja

Tel: +234 - 8110000881-3

Website: http://www.dmo.gov.ng,

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

September 25, 2019

Press Release - FGN Lists 15.743% N100 Billion Al Ijarah Sukuk due 2025 on The Nigerian Stock Exchange and FMDQ OTC Securities Exchange

Tuesday, 30 July 2019 12:41

As part of its commitment to market development, investors and other market operators, the Debt Management Office (DMO) listed the 15.743% 100 Billion Al Ijarah Sukuk due 2025 on The Nigerian Stock Exchange and FMDQ OTC Securities Exchange on July 23 2019 and July 29, 2019 respectively. This will facilitate trading and provide liquidity for the Certificate holders.

By listing the Sukuk on these two (2) platforms, active trading in the Sukuk has been enabled which in turn will allow investors to buy or sell the Sukuk in the secondary market. Equally important, the listing will engender Price Discovery.

DEBT MANAGEMENT OFFICE

The Presidency

NDIC Building (First Floor),

Plot 447/448 Constitution Avenue,

Central Business District,

P.M.B. 532, Garki, Abuja

Tel: +234 - 8110000881-3

Website: http://www.dmo.gov.ng,

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

July 30, 2019

DMO Lists FGN Dual Tranche USD 2.5Billion and Tripple Tranch USD 2.86Billion EuroBonds on the Nigerian Stock Exchange

Tuesday, 09 July 2019 15:42

The Debt Management Office (DMO) on June 14, 2019, listed the Dual and Triple Tranche Eurobond issues on Nigerian Domestic Exchanges. The Eurobonds, which were issued respectively in February 2018 and November 2018, were oversubscribed, demonstrating the on-going confidence of international capital market investors in Nigeria’s investment story. The Eurobonds will represent the use by Government of long term lower cost funds to Finance Infrastructure while also creating opportunities for Domestic Borrowers. The listing of the latest Eurobond issues will provide benchmarks for corporations which intend to issue Eurobonds in the International Capital Markets and further deepen the Domestic Capital Markets by ensuring that the securities can be traded easily by Domestic Investors.

DEBT MANAGEMENT OFFICE

The Presidency

NDIC Building (First Floor),

Plot 447/448 Constitution Avenue,

Central Business District,

P.M.B. 532, Garki, Abuja

Tel: +234 - 8110000881-3

Website: http://www.dmo.gov.ng

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DMO Lists FGN Dual Tranche USD 2.5Billion and Tripple Tranch USD 2.86Billion EuroBonds on FMDQ OTC Securities Exchange

Monday, 08 July 2019 12:02

The Debt Management Office (DMO) on June 14, 2019, listed the Dual and Triple Tranche Eurobond issues on Nigerian domestic exchanges. The Eurobonds, which were issued respectively in February 2018 and November 2018, were oversubscribed, demonstrating the on-going confidence of international capital market investors in Nigeria’s investment story. The Eurobonds will represent the use by Government of long term lower cost funds to finance infrastructure while also creating opportunities for domestic borrowers. The listing of the latest Eurobond issues will provide benchmarks for corporations which intend to issue Eurobonds in the international capital markets and further deepen the domestic capital markets by ensuring that the securities can be traded easily by domestic investors.

DEBT MANAGEMENT OFFICE

The Presidency

NDIC Building (First Floor),

Plot 447/448 Constitution Avenue,

Central Business District,

P.M.B. 532, Garki, Abuja

Tel: +234 - 8110000881-3

Website: http://www.dmo.gov.ng

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.