DOM set aside N39 52 b FGN bond

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The Financial Obligation Management Workplace (DMO) Wednesday offered N3952 billion Federal Federal government bond at the November edition of the month-to-month auction.
Eurobonds.

3 Bonds in tenors of 5 years, 7 years and 10 years were used at the Auction.

Allocations were made to the effective bidders at 15.20% for the 5-year, 15.50% for the 7-year and 15.83% for the 10- year Bond.

The Workplace stated that although membership levels were greater than the quantity set aside, it hesitated to accept greater rates from customers in order to moderate financial obligation service expense and keep market stability as the rates at which each of the Bonds were set aside were close to their Secondary market Yields.

Usage green bonds to fund facilities, minister charges FG, others.

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