{"id":18372,"date":"2017-10-20T13:11:51","date_gmt":"2017-10-20T12:11:51","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=18372"},"modified":"2017-10-20T13:11:51","modified_gmt":"2017-10-20T12:11:51","slug":"5-5-bn-loan-consistent-with-debt-management-strategy","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/","title":{"rendered":"$5.5 bn loan consistent with debt management strategy"},"content":{"rendered":"

The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion for refinancing, noting that the latter is purely a portfolio restructuring activity that would not result in any increase in the public debt.<\/p>\n

The DMO in a statement on Thursday, said the $2.5 billion new borrowing through Eurobonds to finance the deficit in the 2017 Appropriation Act and the refinancing of existing domestic debt through external capital raising of USD3 billion, were consistent with Nigeria’s Debt Management Strategy.<\/p>\n

The DMO said: “The proposed $2.5 billion new borrowing through Eurobonds to part finance the deficit in the 2017 Appropriation Act and the refinancing of existing domestic debt through external capital raising of $3 billion, are consistent with Nigeria’s Debt Management Strategy, whose main objective is the increase external financing with a view to rebalancing the public debt portfolio in favour of long-term external financing in order to reduce the cost of debt and lengthen the maturity profile.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Photo Caption: DG OF DMO PATIENTS ONIHIA<\/em><\/strong><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion for refinancing, noting that the latter is purely a portfolio restructuring activity that would not result in any increase in the public debt. The DMO in a statement on Thursday, said the $2.5 billion …<\/p>\n","protected":false},"author":6,"featured_media":18373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[812,3078,3079,3080],"coauthors":[2391],"class_list":["post-18372","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-dmo","tag-loan","tag-patients-onihia","tag-public-debt"],"yoast_head":"\n$5.5 bn loan consistent with debt management strategy - National Wire<\/title>\n<meta name=\"description\" content=\"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$5.5 bn loan consistent with debt management strategy - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-20T12:11:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"375\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg\",\"width\":375,\"height\":500,\"caption\":\"Patience Onihia\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/\",\"name\":\"$5.5 bn loan consistent with debt management strategy - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#primaryimage\"},\"datePublished\":\"2017-10-20T12:11:51+00:00\",\"dateModified\":\"2017-10-20T12:11:51+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$5.5 bn loan consistent with debt management strategy\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$5.5 bn loan consistent with debt management strategy - National Wire","description":"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/","og_locale":"en_US","og_type":"article","og_title":"$5.5 bn loan consistent with debt management strategy - National Wire","og_description":"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion","og_url":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/","og_site_name":"National Wire","article_published_time":"2017-10-20T12:11:51+00:00","og_image":[{"width":375,"height":500,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/PATIENCE-ONIHA-DG-DMO.jpg","width":375,"height":500,"caption":"Patience Onihia"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/","name":"$5.5 bn loan consistent with debt management strategy - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#primaryimage"},"datePublished":"2017-10-20T12:11:51+00:00","dateModified":"2017-10-20T12:11:51+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/5-5-bn-loan-consistent-with-debt-management-strategy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"$5.5 bn loan consistent with debt management strategy"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/18372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=18372"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/18372\/revisions"}],"predecessor-version":[{"id":18374,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/18372\/revisions\/18374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/18373"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=18372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=18372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=18372"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=18372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}