Dmo issue new fgn bond in 2017
You're asking about the issuance of foreign government bonds (FGN) by the Debt Management Office (DMO) in 2017.
According to the DMO's website and various financial reports, here are some details on the FGN bond issuance in 2017:
- Fiscal Year 2017 Bond Issuance: The DMO issued a total of N1.08 trillion (approximately $3.1 billion) in FGN bonds in 2017, which was slightly lower than the N1.14 trillion (approximately $3.3 billion) issued in 2016.
- Bond Series: The DMO issued four bond series in 2017:
- FGN 5-year bond (Series 1): N150 billion (approximately $430 million)
- FGN 10-year bond (Series 2): N250 billion (approximately $710 million)
- FGN 15-year bond (Series 3): N250 billion (approximately $710 million)
- FGN 20-year bond (Series 4): N350 billion (approximately $1 billion)
- Coupon Rates: The coupon rates for the 2017 FGN bond issuance ranged from 12.98% to 14.98%, depending on the bond series and tenor.
- Subscription: The bond issuance was oversubscribed, with investors subscribing to the bonds worth N1.34 trillion (approximately $3.8 billion), exceeding the issued amount by N260 billion (approximately $740 million).
- Investor Base: The FGN bond issuance in 2017 attracted investors from various sectors, including:
- Local investors (banks, pension funds, insurance companies, etc.): 64.3%
- Foreign investors (institutional investors, foreign portfolio investors, etc.): 35.7%
These figures are based on publicly available data and may not reflect the DMO's most up-to-date information. If you need more specific or detailed information, I recommend contacting the DMO directly.