7.3billion Naira Raised In 2017 – Debt Office

Channels Television  
Updated January 3, 2018

FAACThe Nigerian Government raised a total of 7.3 billion naira in 2017 via the new monthly Savings Bond Auction introduced in March.

The bond programme targeted at local retail investors ran for 10 months last year, which the government looks to support its budget deficit in the year.

The Debt Office announced on Tuesday, that the lowest allotment of 246.41 million naira was raised in December last year.

The coupon rate on the savings bond allotment was 11.738 percent for papers maturing December 2019, while the 3-year bond of December 2020 was allotted at 12.738 percent.