December 2020 FGN Bond Auction Oversubscribed - DMO

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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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