Tag: Oversubscribe
-
Investors oversubscribe Nigeria’s 30-year bond by 400%
On Wednesday, the Debt Management Office (DMO) issued the first 30-year FGN bond, offering N20 billion worth of the note to interested investors. At the close of the auction Thursday, the debt office said it received subscriptions valued at N80.41 billion from investors, representing a 400 percent subscription rate. According to details of results of…