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FG Targets N720b in Q3 As DMO Unveil Bond Issuance Programme

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds.

This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO). 

The calendar shows that the DMO will re-open nine previously issued FGN Bonds between July and September. 

According to the calendar, on July 18, the DMO will re-open a 13 per cent, March 2025 FGN Bond valued at between N70billion to N80billion. 

It has a maturity date of two years, eight months, with original 10-year tenor. 


It has an original tenor of 10-year. 

On the same date, it will re-open the 12.50 per cent, April 2032 FGN Bond, valued at between N70billion to N80billion; with term-of-maturity of nine years, eight months. 

It has a 10-year original tenor. 

Again, on Aug. 15, it will re-open the 13 per cent, 2042 FGN Bond, valued at between N70billion to N80billion; with 19 years, five months as term-of-maturity. 

It has a 20-year original tenor. 

The calendar also shows that, on Sept. 19, the DMO will again re-open the 13.53 percent, March 2025 FGN Bond, valued at between N70billion to N80billion. 

It has two years, six months term-of-maturity and 10-year original tenor. 

Again, on Sept 19, the DMO will re-open 12.50, April 2032 FGN Bond valued at between N70billion and N80billion, with nine years, seven months as term-of-maturity. 

It has a 10-year original tenor ( length of time ). 

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