Nigeria’s Debt Management Office will this Monday open the federal government’s Savings Bond auction for the month of June 2017, selling both two and three year papers to retail investors.
DMO is yet to issue circular to state the yields on the two bonds.
In May, two and three year tenured bonds with yields of 13.18 per cent and 14.18 per cents were sold.
Although the yields were higher than the previous FGN Savings bond sales in April, the amount raised form the bond auction declined from N1.288 billion in April to N790.85 million.
Advertisement
Traders say the waning interest in FGN bond is due to liquidity crunch in the banking industry as well as the picking up of activities at the stock market.
Related posts:
FG to auction $426 million bond – DMO
DMO to list N10.7 bn green bond
DMO suspends April 2020 FGN savings bond offer over COVID-19
Sukuk bond debt servicing hits N33.1bn in Q2 2022-DMO
CBN to commence bi-weekly auction of Chinese Yuan
CBN to auction N795.427bn treasury bills in Q1 of 2020
NCC set to auction 5G services across Nigeria
Tipu Sultan Sword sold for $17.4 Million at auction
