The debt management office of the government announces the sale of N110billion worth of government bonds.

    

   The Debt Management Office (DMO) says it will raise N110 billion worth of bonds in three categories on August 17.The three categories of bonds include a 20-year bond, a 10-year bond and a 5-year bond with a coupon rate of  12.40 per cent, 12.50 per cent and 14.50 per cent, respectively.

   It said the 20-year bond would be N40 billion, the 10-year bond (N30 billion) and N40 billion worth of the five-year bond.The statement said the three categories of bonds would mature in March 2036, January 2026 and July 2021, respectively.