Grapevine

FG's dollar bond attracted $900m subscription- Edun

He noted that the oversubscription reflects investor confidence in Nigeria’s economic stability and potential for growth.

Edun explained that the successful issuance of the domestic dollar bond marks a significant step in the government’s efforts to deepen economic growth and promote financial inclusion.

He added that this achievement demonstrates the government’s commitment to diversifying funding sources amid economic challenges.

“The issuance of this inaugural domestic FGN US Dollar Bond highlights the continued faith investors have in Nigeria’s economy,” Edun said.

The bond attracted a wide range of investors, including Nigerians both locally and abroad, as well as institutional investors. The proceeds from the bond will be allocated to critical economic sectors, as approved by President Bola Ahmed Tinubu.