Meanwhile, data from the NGX indicates that total allotments for FGN Savings Bonds have surged to N5.06 billion within the first five months of 2023, reflecting growing investor participation in government securities.
Lagos, Nigeria – The Federal Government of Nigeria has listed a N368.3 billion bond on the Nigerian Exchange Limited (NGX), alongside supplementary bond issuances totaling N234 billion.
This development was disclosed in a notice filed on the Exchange by the Head of the Issuer Regulation Department, Obioma Oge, on Tuesday.
According to the notice, the newly listed bond, designated as the 22.60% FGN JAN 2035, has a total value of N368.31 billion, with 368,309,761 units issued. The bond carries an annual coupon rate of 22.60% and a 10-year tenor, maturing on January 29, 2035. Coupon payments are scheduled twice a year, on July 29 and January 29.
In addition to this listing, the government also increased the outstanding units of two previously issued bonds. The 19.30% FGN APR 2029 bond saw its total outstanding units rise to 463,161,536, following the issuance of 78,859,905 additional units. Similarly, the 18.50% FGN FEB 2031 bond now has a total of 2,108,213,312 units, after the issuance of 153,869,360 additional units.
Meanwhile, data from the NGX indicates that total allotments for FGN Savings Bonds have surged to N5.06 billion within the first five months of 2023, reflecting growing investor participation in government securities.
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