FGN Bond Over-subscriptions Hit N1.61 trillion

Investors committed about N3.36tn to Federal Government bonds between January and December 2021.

According to an analysis of the FGN Bond Auction results, bond over subscriptions hit N1.61tn within the period under review.

The Federal Government bonds for February worth N150bn were also oversubscribed by N39.51bn. The total subscription received from investors for the bonds was N189.51bn.