The Federal Government will today offer four tenors of bonds to investors to raise N360 billion in new borrowings to augment national revenue and bridge budget deficit.
At today’s auction, the second of series of debt issuances scheduled for this quarter, the government will offer four bonds across medium to long tenors to the investing public.
The Debt Management Office (DMO), which oversees the government’s debt issuance and management, has indicated it would be offering four bonds to raise N90 billion on each tenor, totalling N360 billion.
Given recent subscription and allotment pattern, market analysts expected the offers to be oversubscribed, with government likely to allot more than initial targets.
