FG lists N368.3bn bond on NGX

The Federal Authorities of Nigeria has listed a N368.3bn bond together with N234bn in supplementary bond points on the Nigerian Trade Restricted.

This was disclosed in a discover filed on the Trade by the Head of the Issuer Regulation Division, Obioma Oge, on Tuesday.

The newly listed bond, named 22.60 per cent FGN JAN 2035, has a complete worth of N368,309,761,000 and 368,309,761 models issued. It comes with a 22.60 per cent coupon and a 10-year tenor.

Moreover, the bond’s concern date is January 29, 2025, and its maturity date is January 29, 2035, with coupon funds due twice yearly on 29 July and 29 January.

Along with the brand new itemizing, supplementary listings had been made for 2 different FGN bonds. The 19.30 per cent FGN APR 2029 bond had a complete of 463,161,536 models excellent as of February 18, 2025, after the issuance of 78,859,905 extra models.

Additionally, the 18.50 per cent FGN FEB 2031 bond noticed a rise in complete excellent models to 2,108,213,312 following the issuance of 153,869,360 extra models.

The PidomNigeria reported that Nigerian Trade Restricted has revealed that the overall allotments for FGN Financial savings Bonds have risen to N5.06bn inside the first 5 months of 2023.

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