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N105bn sovereign bond oversubscription rallies confidence for FG

…bond auction curve 100bps higher with expectation of new issues from AMCOM The over 100 percent oversubscription of the 20-year, 5-year and 3-year Federal Government sovereign bond issue at an auction held this Wednesday by investors is seen by analysts as a sign of renewed confidence in the government. Analysts said the monthly Federal Government bond auction is said to come in about 100bps higher across the curve, and that the correction in the government yield curve appears to have started ...
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Added July 22, 2010
from Businessday Nigeria