FG records over-subscription of February savings bond
The Federal Government has announced that its monthly bond auction for the month of February, 2020 was oversubscribed.
It also said total subscriptions received through Competitive bids for the three instruments at the auction was N398.20 billion, which indicated a total subscription level of 284.43%, while for Non-Competitive bid for the sum of N60 billion was also received, making the total subscriptions from Competitive and Non-competitive bid to the sum of N458.20 billion.
“Successful bids were allotted at the rate of 8.7500% for the 5-Year, 10.7000% for the 10-Year and 12.15% for the 30-Year Bond, which indicate a decline from the allotment rates of 9.8500%, 11.1250% and 12.5600% for the 5-Year, 10-Year and 30-Year Bonds, respectively, at the January 2020 FGN Bond Auction”.
ADVERTISEMENTHOW OVER 5000 NIGERIA MEN HAVE PERMANENTLY OVERCOME TERRIBLE BEDROOM PERFORMANCE DUE TO THIS RECENT DISCOVERY BY MEDICAL CONSULTANTS“The total amount allotted for Competitive Bids was N100.00 billion across the three (3) tenors, while a total sum of N60.00 billion was allotted through Non-Competitive Bid for the 5-year and 10-year tenors, at same rates with the Competitive Bids, which made the total allotment from Competitive and Non-Competitive bids to be N160.00 billion” the statement said.
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