{"id":32131,"date":"2024-05-14T22:00:15","date_gmt":"2024-05-14T22:00:15","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/nigeria-raises-n380-76bn-in-bond-auction-with-lowest-subscriptions-in-2024\/"},"modified":"2024-05-14T22:00:15","modified_gmt":"2024-05-14T22:00:15","slug":"nigeria-raises-n380-76bn-in-bond-auction-with-lowest-subscriptions-in-2024","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/nigeria-raises-n380-76bn-in-bond-auction-with-lowest-subscriptions-in-2024\/","title":{"rendered":"Nigeria raises N380.76bn in bond auction with lowest subscriptions in 2024"},"content":{"rendered":"
\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"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/32131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=32131"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/32131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/32132"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=32131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=32131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=32131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}