The Debt Administration Workplace stated it provided N50bn, 5-12 months, 10-12 months, and 30-12 months tenored bonds to traders on the public sale held on Wednesday for March 2020.
A complete of 164 bids have been obtained whereas solely 39 have been profitable. In February 428 bids have been reported with 101 profitable.
As seen within the DMO report launched on Thursday, 29 bids have been obtained for the 5-12 months; 61 for 10-year; and 74 for 30- 12 months bonds from traders who positioned N21.07bn; N69.01bn and N91.18bn subscriptions throughout the three devices, respectively.
However solely 7 bids have been profitable for the 5-12 months; 18 for the 10-year; and 14 for the 10-12 months bonds.
Consequently, N70bn bids have been allotted as towards N160bn reported for final month’s public sale and N411.822bn in January.
N5bn was allotted for the 5-12 months bond; N20n for the 10-year and N25bn for the 30-year bonds for the aggressive bids.
As well as, the sum of N10bn was allotted by way of Non-Aggressive Bid for the 5- 12 months bond and one other N10bn for the 10-year bond. None was allotted for the 30-year bond.
Consequently, bids have been allotted on the charge of 10% for the 5-12 months; 12.5% for the 10-12 months; and 12.98% for the 30-12 months Bonds.
This means a big bounce from the 8.75%, 10.7%, and 12.15% charges obtained in February for the three tenors, respectively.