{"id":818,"date":"2023-11-07T05:01:43","date_gmt":"2023-11-07T05:01:43","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/dmo-opens-two-year-bonds-at-12-46-interest-rate\/"},"modified":"2023-11-07T05:01:43","modified_gmt":"2023-11-07T05:01:43","slug":"dmo-opens-two-year-bonds-at-12-46-interest-rate","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/dmo-opens-two-year-bonds-at-12-46-interest-rate\/","title":{"rendered":"DMO opens two-year bonds at 12.46% interest rate"},"content":{"rendered":"<div>\n<p>The Debt Management Office has opened the sale of its savings bond to retail investors with the promise of a higher return than last month\u2019s auction as interest rate adjustments in West Africa\u2019s biggest economy gather pace.<\/p>\n<p>DMO disclosed this in a notice on Monday, noting that the minimum amount to be invested in the savings bond is N5,000, while a maximum of N50 million can be invested.<\/p>\n<p>The offer represents 139 basis points higher than the 11.07 per cent it went for in October, while the three-year bond will be sold at 13.46 per cent, also higher than the 12.07 per cent it sold for last month.<\/p>\n<p>The government fixed the closing date for November 10, while the settlement date is November 15, 2023.<\/p>\n<p>It added that interest will be paid quarterly with coupon payment dates of February 15, May 15, August 15, and November 15.<\/p>\n<p>DMO opens two-year bonds at 12.46% interest rate<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by WPeMatico<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Debt Management Office has opened the sale of its savings bond to retail investors with the promise of a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1378,15],"tags":[1384,1383,1382,519,1385,1380,180,1379,471,1381],"class_list":["post-818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dmo","category-news","tag-12-46","tag-bond","tag-bonds","tag-business","tag-dmo","tag-interest","tag-news","tag-opens","tag-rate","tag-two-year"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=818"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/819"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}