The Debt Management Office (DMO) has disclosed that Nigeria’s Federal Government’s bonds for January which were auctioned on the 19th of January and worth N150 billion, were oversubscribed by N175.24 billion.
The DMO noted that the total subscription received from investors was N325.24 billion.
The debt office said successful bids for the 12.50 percent FGN January 2026 and 13 per cent FGN January 2042 were allotted at the Marginal Rates of 11.50 percent and 13 percent, respectively.
A total of N170.64bn was granted, comprising N81.72bn and N88.92bn, the DMO said.
Meanwhile, the DMO had earlier released its bond issuance calendar for the first quarter of 2022, with the auction dates being January 19, February 16, and March 23.
According to the DMO’s bond issuance calendar, the Federal Government planned to acquire about N480bn in new debt capital from the domestic capital market in Q1 2022.
