Business

DMO projects N1.2trillion bond issuance for 2023 last quarter

The Debt Management Office (DMO) has announced plans to raise to N1.2 trillion in debt by re-issuing federal government bonds.


According to the DMO’s bond issuance calendar for the final quarter of the year, the agency intends to raise funds ranging from N960 billion to N1.2 trillion over three months, spanning October through December of this year.


These funds will be obtained through the re-issuance of bonds with maturities ranging from 10 to 30 years.