The Federal Government’s medium-term bonds of 14.55% FGN APR 2029 and 14.70% FGN JUN 2033 have been oversubscribed, the December 2023 Bond Auction Result from the Debt Management Office (DMO) has shown.
This is the first time since February 2023 that the bonds will be oversubscribed.
The bonds were auctioned on December 11, 2023 and the settlement date listed as December 13, 2023.
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