The Debt Management Office
(DMO) says the Central Bank
of Nigeria (CBN) may sell as
much as N410 billion worth
of bonds during the second
quarter of this year. The DMO
disclosed this in its
provisional calendar
published on its Website.
It said that bond sales for the
quarter would open on April
17. According to DMO, the
bonds to be sold in April will
include N25 billion to N45
billion bonds each of seven-
year, 10-year and 20-year
tenor. It said that the bonds
were expected to mature in
June 2019, January 2022 and
July 2030 with coupon rate
of 16 percent, 16.39 percent
and 10 percent, in that order.
The DMO also said that it
would on May15th issue
another set of three bonds
which will include N25 billion
to N45 billion bonds of five-
year bonds. Others are N10
billion to N20 billion bonds
of five-year tenor and seven-
year tenor bonds of between
N20 billion and N30 billion.
The DMO also said that the
N25 billion to N45 billion
bond of five-year tenor
would mature in April 2017
at 15.10 percent yield rate.
The N10 billion to N20 billion
bonds at four percent yield
rate will mature in April
2015. The seven-year tenor
bonds of between N20
billion and N30 billion with
16 percent yield rate will
mature in June 2019.
The DMO said that the sales
for the quarter would end on
June 12 with the sale of N25
billion to N45 billion each of
five-year debt to mature on
2017 with coupon rate of
5.10 percent. The DMO said
that it would also offer
another five-year tenor
bonds on June 12 with
coupon rate of four percent.
http://www.vanguardngr.com/2013/04/fg-to-raise-n410bn-via-bonds-in-second-quarter-2013/

Ok...i don hear...wht next?