DMO lists Nigerian Govt pioneer diaspora bond, Eurobonds on FMDQ platform


Ms Patience Oniha, the Director-General, Debt Management Office (DMO).

The Federal Republic of Nigeria through the Debt Management Office (DMO) has pioneered the inaugural listing of Diaspora Bond on the FMDQ OTC Securities Exchange platform.

FMDQ in a statement in Lagos said that the listing was the first in the Nigerian debt capital markets (DCM).

The statement said the 1.5 billion dollars Federal Government Eurobond due 2027 at 6.5 per cent and 1.5 billion dollars notes due 2047 under its global medium-term note programme Eurobonds were also listed.

It said that the Diaspora Bond Diaspora Bond, which was due in 2022, was issued in June 2017 along with the two tranches of the FRN Eurobonds, and listed on FMDQ to promote, among others visibility for the issues and financial inclusion.

It said that the listings of foreign currency-denominated debt securities by the FRN showed…

Read More…..PM News