The Debt Management Office has unveiled a Federal Government bond issuance plan of about four trillion naira for the third quarter of twenty twenty-six, with auctions scheduled for July, August and September.
The provisional calendar features the reopening of three existing Federal Government bonds rather than new issuances, with the July auction offering three instruments before two are retained for the August and September sales.
The DMO says the bond programme is part of efforts to finance the Federal Government’s budget deficit and refinance maturing debt obligations.
Analysts say reopening existing bonds is expected to improve market liquidity and price transparency, while helping the government extend the maturity profile of its domestic debt.
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