The federal government in February realised N1.49 trillion from the two FGN bond offer issued by the Debt Management Office (DM0).
It, however, missed it’s target of raising N2.5 trillion from the offer.
The federal government has sought to borrow N2.5 trillion in FGN bonds offer issued by the DMO, being the second bonds offer for the year 2024.
In a statement on Tuesday, the Debt Management Office (DMO) said the bid of N1.9 trillion received was a record in the nation’s history in terms of FGN securities auction.
Furthermore, it noted that the 2031 bond had a total allotment of N873.53 billion while that of the 2034 bond stood at N621.38 billion.
“In an unprecedented development, the Debt Management Office (DMO) raised N1.495 trillion Federal Government of Nigeria (FGN) bonds at its monthly auction for February 2024.
“The DMO offered N1.25 trillion 7-year FGN bonds maturing in 2031 and another N1.25 trillion 10-year FGN bond maturing in 2034,” the statement read.