Investors scramble over Nigeria’s first bond offer for 2018


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January 25, 2018 2:00 pm

Nigeria’s first sovereign local bonds for 2018 were oversubscribed, indicating investors’ appetite for federal government instruments and the economy. The Debt Management Office (DMO) confirmed on Thursday that the FGN January Bond Auction was conducted on Wednesday with two bonds offered – the 14.50% FGN JUL 2021 and the 16.2884% FGN MAR 2027. “Both bonds…

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