Subscriptions for the three instruments from competitive bids was slightly above N160.00 billion, indicating an oversubscription of 60%. Investors’ appetite for longer tenored instruments remained strong, with the 30-year bond oversubscribed by 100%. The 10-year Bond was also oversubscribed by over 50%, while the 5-year tenor was 31% oversubscribed.
Allotments were made to successful Bidders at 14.3% for the 5-year, 14.5% for the 10-year and 14.68% for the 30-year Bonds. Total allotments from the competitive offer was N96.84 billion. In addition, an allotment of N13.50 billion was made on non-competitive basis for the 10-year bond, also at the rate of 14.5%.
June 26, 2019