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Federal Government's N150bn Bond Under-Subscribed.
(From This Day (Nigeria) - AAGM)
Byline: Kunle Aderinokun
The Debt Management Office (DMO) has said that the Federal Government's N150 billion bond was under-subscribed by 51.63 per cent.
Acting Director-General of the DMO, Dr. Mansur Muktar, who announced the results of the first FGN N150 billion Bond yesterday, also gave reasons why the government is yet to reschedule her debt to Italy.
THISDAY had last month exclusively reported that the first tranche (First FGN Bonds 2006) of the N150 billion bond was over-subscribed by 85.75 per cent.
But confirming the THISDAY report yesterday Muktar, however, said that the whole of the N150 …
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