Press release: August 2019 FGN Bond Auction

Wednesday, 21 August 2019 17:47

AUGUST 2019 FGN BOND AUCTION

At the August 2019 FGN Bond Auction held on Wednesday, August 21, 2019, the Debt Management Office (DMO) issued N59.53 billion FGN Bonds for the three (3) Tenors offered to various investors who subscribed at the Auction.

The DMO offered N40 billion for the 5-year, N50 billion for the 10-year and N55 billion for the 30-year Bonds. Total subscriptions received from both Competitive and Non-Competitive bids amounted to N139.58 billion.

Demand for the 30-year Bond remained strong as has been the trend since the instrument was introduced to the market in April 2019. The total subscription for the Bond at the Auction was N64.71 billion.

The strong demand from investors for the FGN Bonds offered at the Auction was in spite of the prevailing tight liquidity experienced in the financial markets.

Allotments were made to successful bidders at the rate of 14.290% for the 5-year, 14.390% for the 10-year and 14.590% for the 30-year Bonds.

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.

August 21, 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

Press Release - July 2019 FGN Bond Oversubscribed

Wednesday, 24 July 2019 19:13

The Debt Management Office (DMO) offered three (3) Instruments (5-Year, 10-Year and 30-Year Tenors) with a total value of 145 Billion, for subscription to the Investing Public at its July 2019 FGN Bond Auction which took place on Wednesday, July 24, 2019.

Press Release Q1 2019 Public Debt Data

Wednesday, 10 July 2019 09:20

DMO Releases Q1 2019 Public Debt Data – Marginal Increase of 2.3% in the Total Public Debt of the FGN, States and Federal Capital Territory Recorded

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.