{"id":43776,"date":"2022-07-19T01:10:20","date_gmt":"2022-07-19T01:10:20","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=43776"},"modified":"2022-07-19T01:10:26","modified_gmt":"2022-07-19T01:10:26","slug":"dmo-raises-n123bn-in-bond-auction-july","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/dmo-raises-n123bn-in-bond-auction-july\/","title":{"rendered":"DMO raises N123bn in bond auction July"},"content":{"rendered":"<p>The Debt Management Office (DMO), says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction.<\/p>\n\n\n\n<p>The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, totalling N225 billion.<\/p>\n\n\n\n<p>It said that though the short term and medium term instruments recorded below the offered amounts, investors showed preference for the long term instrument.<\/p>\n\n\n\n<p>\u201cThe DMO, on July 18, offered three instruments \u2013 13.53 per cent FGN March 2025, 12.50 per cent FGN April 2032 and 13 per cent FGN January 2042 for N75 billion each.<\/p>\n\n\n\n<p>\u201cIt made a total of N225 billion offer for subscription to the investing public at the July FGN bond auction.<\/p>\n\n\n\n<p>\u201cAlthough, subscription for 13.53 per cent FGN March 2025, 12.50 per cent FGN April 2032 were below the offered amount, investors \u2018 appetite for the longer dated 13 per cent FGN April 2042 remained strong.<\/p>\n\n\n\n<p>\u201cIt recorded total subscriptions of N104.92 billion representing about 140 per cent of the amount offered for the instrument,\u201d it said.<\/p>\n\n\n\n<p>It said that the total amount allotted to successful bidders was N123.85 billion, adding that the allotments were made at interest rates 11 per cent, 13 per cent and 13.74 per cent respectively.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-43776\" data-postid=\"43776\" class=\"themify_builder_content themify_builder_content-43776 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Debt Management Office (DMO), says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, totalling N225 billion. It said that though the short term and medium [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,125],"tags":[507,653],"class_list":["post-43776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance-money","tag-bond","tag-dmo","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DMO raises N123bn in bond auction July - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/dmo-raises-n123bn-in-bond-auction-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DMO raises N123bn in bond auction July - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Debt Management Office (DMO), says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, totalling N225 billion. 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