FG’s January bonds oversubscribed by N175bn –DMO

The Federal Government’s bonds for January worth N150bn, which were auctioned on January 19, were oversubscribed by N175.24bn, the Debt Management Office has said.

The DMO said on Friday that the total subscription received from investors was N325.24bn.

It said a subscription of N11.19bn was received for the 12.50 per cent FGN January 2026 bonds and N214.05bn for the 13 per cent FGN January 2042 bonds, which recorded the highest subscription.

The debt office said a total of N170.64bn was allotted, comprising N81.72bn and N88.92bn.

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