\n
The Nigerian government raised N380.76 billion in bond auctions, with the lowest subscriptions this year.<\/p>\n
This is according to May\u2019s bond auction, conducted on Monday.<\/p>\n
The amount represents a 39 per cent decline compared to the April FGN bond auction proceeds.<\/p>\n
The aggregate subscription across all tenors reached N551.316 billion, lower than the N920.08 billion recorded the previous month.<\/p>\n
The Debt Management Office also reported a non-competitive allotment of N301.30 billion.<\/p>\n
The new nine-year bond took centre stage, attracting N373.875 billion in subscriptions.<\/p>\n
N285.124 billion was allotted of the subscription amount, including N179.00 billion under non-competitive bids.<\/p>\n
The bids ranged from 16.95 per cent to 22.00 per cent, eventually settling at a marginal rate of 19.89 per cent.<\/p>\n
The seven-year bond received N76.875 billion in bids, with N62.975 billion allotted. Non-competitive allotments accounted for N85.80bn. Bids ranged from 17.20 to 20.80 per cent, resulting in a final marginal rate of 19.74 per cent.<\/p>\n
The five-year bond attracted bids totalling N100.56 billion, with an allotment of N32.67 billion. An additional N36.500 billion was allocated through non-competitive bids.<\/p>\n
Nigeria raises N380.76bn in bond auction with lowest subscriptions in 2024<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Nigerian government raised N380.76 billion in bond auctions, with the lowest subscriptions this year. This is according to May\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":32132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,15,6511],"tags":[519,288,180,766],"class_list":["post-32131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-nigerian-government","tag-business","tag-government","tag-news","tag-nigerian"],"yoast_head":"\n
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