FG bars cash payment for $500m domestic bond

FG bars cash payment for $500m domestic bond

The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five years to mature in 2029. This was as it barred prospective investors from making investment payments through cash. “Payment

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