The Federal Government on Thursday announced that its monthly bond auction for the month of February was oversubscribed by a total sum of N84 billion.
A statement by Debt Management Office (DMO) says total subscriptions received from bidders for the three Bonds offered including 5, 7 and 10 year was in excess of N234 billion, against the N150 billion offered.
It also stated that the demand at the auction was concentrated on the 10-year bond which was 392% subscribed.
Allotments were made to successful bidders at 14.52%, 14.79% and 14.93% for the 5 year, 7 year and 10-year Bonds respectively.
DMO also said that a total of N150 billion was allotted to bidders at the auction.
