DMO lists triple-tranche of bonds on NGX

Debt Management Office (DMO) has listed Triple-Tranche of bonds at the Nigerian Exchange Limited, listing $4 billion Eurobonds, $1.25 billion Eurobonds and the N250 billion Sukuk on the Exchange.

The event which took place at NGX trading ground  featured the management of DMO led by Ms Patience Oniha, Director General and other facilitators of the transactions.

In his remarks, Chief Executive Officer of NGX, Temi Popoola, assured stakeholders of the Exchange’s capacity to be a veritable platform for listings and trading instruments. Speaking on the renewed focus of the NGX brand, he said, “We realise that we also need to diversify our business model by attracting new and young Nigerians to the capital market. Events like this are important to us because it gives us the opportunity to diversify the narrative of the Nigerian capital market and we will do everything we can to attach the necessary visibility to make sure that these instruments can trade efficiently, just as we continue the story around the market.”            

On the important role the DMO plays in the Nigerian story, Mr Popoola commended the DG for making the Debt market transparent to all Nigerians and for making it easy to see the journey and the developments happening in the Nigerian debt story.

Speaking on the impact of these listings, Ms. Patience Oniha, Director General, DMO said the collaborations with NGX were in furtherance of the development of the Nigerian economy as the issuance of the securities is being used to fund government projects. “The Sukuk transaction which began in 2017, gradually improved with the first two transactions being N100BN and the last one now at N250 billion.

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