{"id":118088,"date":"2025-04-29T16:13:43","date_gmt":"2025-04-29T15:13:43","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=118088"},"modified":"2025-04-29T16:13:43","modified_gmt":"2025-04-29T15:13:43","slug":"analysis-fgn-raises-n448bn-in-april-amid-high-investor-confidence","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/analysis-fgn-raises-n448bn-in-april-amid-high-investor-confidence\/","title":{"rendered":"Analysis: FGN Raises N448bn in April Amid High Investor Confidence\u00a0"},"content":{"rendered":"<div>FGN Raises N448bn as Investors Rush April Bonds<\/div>\n<div><\/div>\n<div>Daniel Adaji<\/div>\n<div><\/div>\n<div>The Federal Government has raised N448bn from its April 2025 bond auction, reflecting strong investor confidence in government securities despite high interest rates.<\/div>\n<div><\/div>\n<div>Data released by the Debt Management Office (DMO) and obtained by Pointblank News on Tuesday showed that the auction featured two reopened bonds: the 19.30% FGN April 2029 (5-year tenor) and the 19.89% FGN May 2033 (9-year tenor).<\/div>\n<div><\/div>\n<div>The government offered a total of N350bn\u2014N200bn for the 5-year bond and N150bn for the 9-year bond\u2014but investor demand exceeded expectations.<\/div>\n<div><\/div>\n<div>Bids for the 5-year bond reached N43.79bn. Of this, N21.13bn was allotted competitively, while a non-competitive allotment added another N50bn, bringing the total to N71.13bn.<\/div>\n<div><\/div>\n<div>The 9-year bond received far greater interest, with total subscriptions at N452.16bn. The government allotted N376.77bn competitively and N73bn through non-competitive allotment, resulting in a total of N449.77bn raised from that instrument.<\/div>\n<div><\/div>\n<div>The marginal (cut-off) interest rates stood at 19.00% for the 5-year bond and 19.99% for the 9-year bond. However, the coupon rates\u2014what the government pays bondholders regularly\u2014remain unchanged at 19.30% and 19.89%, respectively.<\/div>\n<div><\/div>\n<div>Bond auctions are a key tool for the federal government to raise funds to finance the national budget and support infrastructure development.<\/div>\n<div><\/div>\n<div>The strong turnout in April\u2019s auction highlights investor confidence in Nigeria\u2019s fixed-income market, even as the Central Bank maintains high interest rates to manage inflation.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>FGN Raises N448bn as Investors Rush April Bonds Daniel Adaji The Federal Government has raised N448bn from its April 2025 bond auction, reflecting strong investor confidence in government securities despite&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":79045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-118088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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