The FGN bond auction by the Debt Management Office which took
place on Wednesday was oversubscribed by N102.35bn.
The DMO offered N150bn from three instruments (five-year,
10-year and 30-year bonds) for N50bn each, to investors at the
auction.
The total subscription received through competitive bids for the
instruments at the auction was N252.35bn, indicating a subscription
level of 168.23 per cent.
The trend of investors’ appetite for the longer tenored
instruments continued with subscription of N115.09bn or 230.18 per
cent for the 30-year bond.
Successful bids were allotted at the rate of 12.0000 per cent
for the five-year, 12.9300 per cent for the 10-year and 13.3900 per
cent for the 30-year bonds.
The allotment rates indicated a significant decline from the
rates at which the bonds were issued at the October 2019 FGN bond
auction.
The total amount allotted for competitive bids was N157.93bn
across the three tenors.
In addition, the sum of N95bn was allotted through
non-competitive bids for all the tenors at the same rates as the
competitive bids.
Overall, the sum of N252.93bn was allotted to investors at the
auction through competitive and non-competitive bids.
Small Manhood And Premature Ejaculation Made
Me Stay Away from Love Making For 4yrs…But These Simple Solutions
WORKED! Also, Your Enlarged Prostate Can Be Reversed Now! Click
Here To See My Breakthrough![1]
The Principles of Nigerian
Environmental Law — Order Your Copy Now!!!
The Principles of Nigerian
Environmental Law is a complete, comparative and international
handbook on the fundamental principles governing the protection,
conservation and sustainable utilization of the environment in
Nigeria….Click to read
more Written By
Professor Damilola S. Olawuyi, LL.B (1st
Class), BL (1st Class), LL.M (Calgary), LL.M (Harvard),
DPhil (Oxford) Professor of Law and Director, OGEES
Institute, Afe Babalola University, Ado Ekiti. For more
information or to order your copies, please contact Mr.
Keji Kolawole: [email protected][4] , Tel:
+234 81 40000 988[2][3]
Subscribe ToNairalaw News! References ^
Small
Manhood And Premature Ejaculation Made Me Stay Away from Love
Making For 4yrs…But These Simple Solutions WORKED! Also, Your
Enlarged Prostate Can Be Reversed Now! Click Here To See My
Breakthrough! (foreverliving.com.ng)
^
The Principles of Nigerian
Environmental Law — Order Your Copy Now!!!
(nairalaw.com) ^ Click to read & comment now
(nairalaw.com) ^ [email protected]
(nairalaw.com)
Read more nov-fg-bonds-oversubscribed-by-n102-35bn/