A statement issued by the organisation on Wednesday in Abuja, noted this was evident at an auction carried out by it where three instruments totalling N100 billion were offered to the investing public with five, 10 and 30-year tenors.
“Investors’ appetite for longer tenored instruments remained strong, with the 30-year bond oversubscribed by 100 per cent.“The 10-year bond was also oversubscribed by over 50 per cent, while the five-year tenor was 31 per cent oversubscribed,” it said. Meanwhile, N31.49 billion was allotted to 30 bidders at 14.68 per cent for the 30-year bonds, bringing the total allotments to N96.84 billion.
Coz they know in the next 3 or something yrs MBuhari would be out of office and it might be worth something when someone that knows what he is doing comes on board.
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