The Federal Government of Nigeria (FGN), through the Debt Management Office, will be conducting a Primary Market Bond Auction on Monday, 20th June 2022. The Government is seeking to raise between NGN210bn and NGN240bn via three (3) instruments. The three instruments (MAR 2025, APR 2032, and JAN 2042) are re-opening issues. Given our analysis of the current yield environment vis-à-vis our bond valuation models, we present below our advised bid rates.
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