Thursday, 17 December 2020 13:24

Press Release: December 2020 FGN Bond Auction Oversubscribed

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.

DEBT MANAGEMENT OFFICE

The Presidency

NDIC Building (First Floor),

Plot 447/448 Constitution Avenue,

Central Business District,

Tel: +234 - 8110000881-3

Website: http://www.dmo.gov.ng,

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

December 16, 2020