Bonds & Fixed Income | |
Bonds & Fixed Income | |
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PROSHARE | |
PROSHARE |
Friday,
December 18, 2020 / 1:00 PM / By Press Release by DMO / Header Image
Credit: DMO
The Debt Management Office offered a total of N60
Billion at the FGN Bond Auction of December 2020, which held on December 16,
2020. The offer was oversubscribed as total Bids received were N134.056
billion, a subscription level of over 220%.
Though the rates of 6.945% and 7.000% for the 15-year and 25-year FGN
Bonds, respectively were higher than the rates of 5.000% and 5.785% at the last
Auction, the rates reflect the level of interest rates in the market influenced
in part by Monetary Policy Actions.
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