The DMO offered N155.00 Billion ofthree (3) Instruments (5-Year, 10-Year and 30-Year Tenors) to investors at the Auction.
Subscriptions received through Competitive Bids for the three instruments at the Auction was N624.498 Billion, while the sum of N1.83 billion was received through Non-Competitive bid making the total subscription received the sum of N626.328 billion.
Investor appetite for the 30-Year Bond continued to be strong, with subscription of N341.77 Billion or 621% compared to the amount offered of N55.00 Billion, while subscription for the 10-year Bond was N201.98 Billion or 404% when compared with the amount offered of N50.00 billion.
Successful bids were allotted at the rate of9.8500% for the 5-Year, 11.1250% for the 10-Year and 12.5600% for the 30-Year Bonds whichindicate a significant decline from the rates of 11.0000%, 12.0000% and 13.0000% for the 5-Year, 10-Year and 30-Year Bonds, respectively, at the December 2019 FGN Bond Auction.
The total amount allotted for Competitive Bids wasN409.992 across the three (3) tenors.In addition, the sum of N1.83 Billion was allotted through Non-Competitive Bid for the 30-year Bond at same rate with the Competitive Bids.
Overall, the sum of N411.822 Billion was allotted to investorsat the Auction through both Competitive and Non-Competitive Bids.