FG’s 30-year debt oversubscribed by 300% as investors get juicy yield

Enticing juicy yield offered by the Federal Government (FG)’s bond saw investors falling over themselves to grab the offer, which was oversubscribed by over 300 per cent. Investors say, the yield offered by the FG’s 30-year debt is a record one.

Analysts say, the enthusiastic response towards the 30-year bonds starkly contrasts with the tepid interest in shorter tenor notes.

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