Nigeria raises N1.6tn at FGN bond auction as yields fall
Nigeria’s Debt Management Office raised N1.6 trillion at the September FGN bond auction, with declining yields and a higher share of non-competitive allotments suggesting a changing risk-return profile for fixed-income investors. DMO raised $1.2 billion.
6 trillion at its September FGN bond auction as declining yields and a rising share of non-competitive allotments signaled a shifting risk-return backdrop for fixed-income investors. The Debt Management Office (DMO) offered N1 trillion across the ne…