DMO’s January bond public sale receives N300 billion oversubscription

The Debt Administration Space of enterprise (DMO) says its ideal concluded Federal Government of Nigeria (FGN) bond public sale for January become as soon as oversubscribed.

DMO, which made this identified in a observation on Thursday, acknowledged that the public sale bought an total of 160 bids, revealing some minor adjustments in the bonds offer in the route of the public sale.

“Our FGN bond public sale for January 2022 concluded the day long past by with an total of 160 profitable bids.

“The public sale recorded an over-subscription of N111 billion and N214  billion for the January 2026 and January 2042 bond affords respectively.

“A hit bids for 12.5 per cent FGN January 2026 and 13 per cent January 2042 had been disbursed on the marginal charges of 11.5 per cent and 13 per cent respectively.

“Nonetheless,  the distinctive coupon charges of 12.5 per cent  for the FGN January 2026 will most likely be maintained whereas the coupon fee for 13 per cent FGN 2042 (New Challenge) is decided at 13 per cent,” it explained.

The DMO had just these days released a bond issuance calender for the first quarter of 2022. 

(NAN)