Despite Prevailing Market Conditions, Investors Bid N312.56bn for FGN Bonds

55 per cent FGN April 2029, 14.70 per cent FGN June 2033, 15.45 per cent FGN June 2038 and 15.70 per cent FGN June 2053, each for N90 billion.

The DMO revealed that amid monetary policy tightening and uncertainties, investors’ appetite for the 15.70 per cent FGN June 2053 remained strong, with a bid-to-cover ratio of 2.71 times. The amount allotted to successful bidders for the four instruments was N227.76 billion, the DMO said in a statement issued last night.

Allotments were made at 13.85 per cent for the 14.55 per cent FGN April 2029, 15.00 per cent for the 14.70 per cent FGN June 2033, 15.20 per cent for the 15.45 per cent FGN June 2038 and 15.85 per cent for the 15.70 per cent FGN June 2053.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Market Analysis: Nigeria inflation, Fed minutes and oil in focus | TheCableInflationary pressures are gradually easing across the globe but remain rampant in Africa’s largest economy. Unlike the United States which has witnessed consumer prices coming down from a peak of
La source: thecableng - 🏆 2. / 80 Lire la suite »

OPEC: How Robust Demand, US Hurricane Season Could Tighten Oil Market
La source: THISDAY LIVE - 🏆 14. / 51 Lire la suite »