The Debt Management Office (DMO), says the federal government will on April 24, issue a 30-year bond for the first time.
The DMO said in a circular on its website on Wednesday in Abuja, that the N20 billion 30-year paper would mature in April 2049.
Other bonds on offer are a 10-year new issue of N40 billion to mature in April 2029 and a five-year re-opening of N40 billion to mature in April 2023, which was offered at 12.75 per cent.
The circular, however, did not indicate the interest rates for the new issues.
Director-General, DMO, Patience Oniha, had at a news conference on April 4, revealed plans by the Federal Government to issue the 30-year paper.
She said the bonds were considered, given the relatively low interest rates compared to 2017 levels of more than 18 per cent.
“The issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the federal government.
“Another area of focus will be the management of risks associated with the debt stock to mitigate debt service costs.”