Nigeria/June 19, 2019/Agency Reporter /No Comment/139 views /nigeria DMO to raise balance of 2019 borrowing from Eurobond – The Nation Newspapershare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancelThe Debt Management Office (DMO) says it will raise the balance of the 2019 borrowings from Eurobonds after exhausting the options of borrowing from multilateral and bilateral bodies at cheap rate. Reacting to reports that it has no plans to issue Eurobonds as part of its external borrowing this year, the DMO in a press release issued yesterday said the 2019 Appropriation Act provides for New External Borrowing of N824.82 billion (equivalent of $2.7 billion at USD/N305). ALSO READ Federal Court Orders Re-Opening of AIT, Raypower | NigerianMonitorTo accomplish this, the DMO noted that consistent with its “strategy of reducing debt service cost, the plan for raising the New External Borrowing is to first access cheaper funding from Multilateral and Bilateral lenders as may be available.” Thereafter, any balance the DMO said “will be raised from commercial sources which may include Securities Issuance such as Eurobonds in the International Capital Market.” ALSO READ 148,000 ex-PHCN workers engage law firm to press home entitlements -The DMO stated that it “will continue to focus on its objective of reducing debt service costs by emphasising borrowing from concessional sources while considering Eurobonds and other commercial sources as secondary options.” The misrepresentation, it appears, arose during the Islamic Finance News Nigeria forum where the Director-General responded to a question on whether the Federal Government will issue a U.S. Dollar denominated Sukuk in 2019 to which she said “was unlikely given the processes involved in the Sukuk issuance.” Leave A Comment Below Related Tags:nigeria share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleFree daily horoscope, celeb gossip and lucky numbers for 20 June, 2019next articleOsinbajo, Sanwo-Olu, Ovia make case for smart technology adoption – The Nation NewspaperRelated PostsNigeria/July 16, 2019 /No Comment 7 Quick Facts About BBNaija 2019 Evicted Housemate, Ella430 shares Nigeria/July 16, 2019 /No Comment Seyi Makinde Declares Assets Public | NigerianMonitorSen. Nwaoboshi Floors Ned Nwoko At Supreme CourtChelsea Don’t Need New Players To Be Successful – LampardGov. Makinde Declares Assets Worth Over N48bnPDP witness raises allegation of $10,000 bribe against INEC officer at tribunal – Daily Post NigeriaBREAKING: My Father Told Me Atiku Is Born Nigerian – PDP’s WitnessNetflix removes suicide scene from ’13 Reasons Why’ | The Guardian Nigeria News – Nigeria and World NewsNetflix removes suicide scene from ’13 Reasons Why’ | The Guardian Nigeria News – Nigeria and World NewsAFCON 2019: Pinnick takes final decision on Rohr’s future as Super Eagles head coach – Daily Post Nigeria Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.