Abuja Bureau Chief The Federal Government Bond auctioned by the Debt Management Office (DMO) on Wednesday attracted N197 billion. Eurobonds It presented an over-subscription of over N47 billion, over the N150 billion put on offer.
Bids for the 5-year tenure were allotted at the rate of 15.20 per cent; 15. 25 per cent for the 7-year tenure , while the bids for 10-year bonds got 15. 35 per cent rate. The DMO said that the rates were consistent with yields in the secondary market.
It added that investors preferences were for the 10-year bonds, which was considered as investors’ confidence vote for the nation’s economy.
Investors swoop on FGN Bond, stake N100bn Investors in the capital market swooped on the Federal Government Bond at yesterday’s auction, staking N100 billion.
August 16, 2018 DMO raises N106bn through FGN Bond auction July 13, 2017.
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