Federal Government Raises N289.597 Billion In October Bond Auction Amid Rising Rates

The Federal Government secures N289.597 billion from its October 2024 bond auction, as reported by the Debt Management Office (DMO). The auction, conducted on October 21, includes two reopened tranches of existing bonds: the 19.30% FGN APR 2029 (5-year bond) and the 18.50% FGN FEB 2031 (7-year bond). Despite inflationary pressures, investor interest remains strong, … Continue reading Federal Government Raises N289.597 Billion In October Bond Auction Amid Rising Rates