
FGN Launches $500m Domestic Bond, Auction To Begin On Monday
FG Launches $500m Domestic Bond, Auction To Begin On Monday The federal government says its dollar-denominated domestic bond will be issued on Monday. Gbadebo Adenrele, managing director of investment banking, at United Capital Group, spoke on Thursday during a hybrid roadshow with investors organised by the Debt Management Office (DMO). On July 25, the federal government said it would issue $500 million in domestic foreign currency-denominated bonds in August. Adenrele said the bond is expected to offer periodical repayments at maturity in dollars and full repayment of the principal amount at the end of a five-year term and will be…









