In May 2023, the Debt Management Office (DMO) reports show that Treasury Bills (T.bills) were traded for N324.43 billion.
According to the analysis of the FMDQ Markets Monthly Report for May, the amount marks a 15.41% (N43.33 billion) Month on Month (MoM) increase over the value of T-bills sold across its auctions in April 2023 (N281.10 billion).
According to the report, the DMO reopened two (2) 10Y, one (1) 20Y, and one (1) 30Y FGN Bonds totaling N545.26 billion in May 2023.
The entire sale reflected a 151.46% oversubscription of the amount offered and a 1.30% (N7.21 billion) MoM drop from the amount sold in April 2023 for the same FGN Bond maturities (N552.26 billion).
Report on Corporate Bonds
According to the report, the total value of corporate bonds listed on the FMDQ Exchange in May 2023 was N31.00 billion, up from N0.00 billion the previous month.- In the review month, the corporate bond listings emanated from issuers in the Financial Services and Oil & Gas sectors, respectively.
- As a result, the total outstanding value for corporate bonds increased MoM by 1.71% (N27.50 billion) from N1,609.49 billion in April 2023 to N1,636.99 billion in May 2023,” it noted.
Read more: https://www.investingport.com/may-report-shows-that-dmo-traded-treasury-bills-for-n32443-billion/