DMO raises N1.22trn from FGN Bond market
The Debt Management Office (DMO) on Monday announced the June 2026 auction result, allotting a total of N1.22 trillion to the investing public.
The debt office reopened the JAN-2035 and APR-2037 bonds, offering a total of N1.20 trillion.
The auction result obtained by westernpost showed that a total demand settled at N1.41 trillion (bid-to-offer: 1.2x), with the DMO eventually allotting N1.22 trillion (bid-to-cover: 1.2x).
The stop rate on the JAN-2035 and APR-2037, which were on-the-run last month, expanded by 134basis points and 131basis points to 18.34per cent and 18.35per cent, respectively.
