The Debt Management Office (DMO) has disclosed that the N60 billion bond it offered for December had been oversubscribed by more than N74.056 billion.
According to a statement by the Debt Management Office (DMO) available on its website:
“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”.