During the exercise that precisely took place on Wednesday, the debt office, on behalf of the Nigerian government, offered bonds worth N90 billion to market players.
These government’s debt instruments were offered in three tenors; five years, seven years and 10 years, and they were oversubscribed.
A statement issued by the debt office said the total subscriptions received from bidders at the auction were above N100 billion.
Allotments were made to successful bidders at 14.39 per cent for the five-year, 14.60 per cent for the 7-year and 14.69 per cent for the 10-year bond, which are consistent with the rates in the secondary market for the bonds offered at the exercise.
“A total of N100.09 billion was allotted to competitive and non-competitive bidders at the auction,” DMO said in the statement.
It stated further that proceeds from the exercise “will provide additional financing for the implementation of the 2018 Appropriation Act.”
YOU MAY ALSO LIKE:
Revealed: How Daura planned to install new NASS leaders
More facts have emerged on the role played by the sacked Director-General, Department of State Services (DSS), Mr Lawal Daura, on the botched attempt to forcefully effect leadership change in the National Assembly and how the plan was hatched…READ MORE
“I have a message for my country and I want you to pray with me. After the message, you join me in prayers. This is the third time I am having this message.
Now I am going to say it the third time. The president’s heart is like a stream of water in the hands of God. The leader’s heart is like a stream of water in the…READ MORE
New minimum wage begins before end of sept ―FG
THE federal government has assured Nigeria Labour Congress and entire labour workforce that the new national minimum wage will commence, latest by end of September 2018. The Minister of Labour and Employment, Senator Chris Ngige, declared on Monday that the federal government would announce the new minimum…READ MORE
Adeboye’s son, 1,602 others ordained as Pastors
I am a 16-year-old lady. I am not married and I am not a virgin. My breasts have fallen. Kindly let me know what to make them go up again. Women generally dread sagging breasts especially, when they are young because firm and perky breasts are good for their posture and self-image…READ MORE
Three natural steps to whiten your teeth
THERE are multiple factors that cause teeth to become dull and lose their bright sparkle. Certain foods can stain your enamel (the outermost layer of your teeth)…READ MORE
More reactions have followed Tuesday’s invasion of National Assembly by security operatives as the All Progressives Congress (APC) has fingered Senate President, Bukola Saraki over sinister plot to foment…READ MORE
and then