Unpacking outcome of ₦2.5trn bond auction

The February 2024 2.5trillion naira bond auction conducted on Monday saw subscription levels for the new7-year 2031 paper at 1.08 billion naira and the 10-year 2034 paper at 820.7 billion naira with stop rates at 18.5 and 19 per cent respectively. Wonuola Akanbi, Head of Energy and Infrastructure sales, Global markets at Stanbic IBTC joins CNBC Africa for more on this and sentiments ahead of tomorrow’s T-bills auction.
Tue, 20 Feb 2024 14:18:06 GMT