The Debt Management Office (DMO) has announced the bond issuance calendar for the second quarter of 2024. In the revised calendar for the second quarter of this year, DMO will issue bonds on May 13 and June 17, 2024.
On May 13, the re-opening 19.30% FGN APR 2029 will be floated through which the FGN aims to raise between N100 to N200 billion for a tenor of 5 years. The term to maturity is 4 years and 11 months. Same day, the re-opening 18.50% FGN FEB 2031 will be floated through which the FGN will raise between N100 to N200 billion for a tenor of 7 years. The term to maturity is 6 years and 9 months.
Also, the new FGN MAY 2033 will be floated through which the FGN will raise between N100 to N200 billion for a tenor of 9 years. The term to maturity is 9 years.
On June 17, the re-opening 19.30% FGN APR 2029 will be floated through which the FGN will raise between N100 to N200 billion for a tenor of 5 years. The term to maturity is 4 years and 10 months.
In addition, the re-opening 18.50% FGN FEB 2031 will be floated through which the FGN will raise between N100 to N200 billion for a tenor of 7 years. The term to maturity is 6 years and 8 months.
More so, the new FGN MAY 2033 will be floated through which the FGN will raise between N100 to N200 billion for a tenor of 9 years. The term to maturity is 8 years and 9 months.
Bonds have become a steady source of funding to the Nigerian government at both the federal and sub national levels.
As of 22 March 2024, FGN bonds constituted the bulk of the nation’s N53.26 trillion domestic bonds. By instrument, FGB bonds in the domestic debt amounted to N44.26 trillion representing 83.11 percent. Nigerian Treasury Bills amounted to N6.52 trillion, representing 12.25 percent while FGN saving bonds amounted to N39.17 billion, representing 0.07 percent.
FGN Sukuk was N1.09 trillion, representing 2.05 percent while Green Bond and Promissory notes amounted to N15 billion and N1.33 trillion, representing 0.03 percent and 2.50 percent respectively.
