Foreign Investors Bought Less Bonds In 2019, Says DMO
January 17, 2020
5:11 am
Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 per cent of all bonds issued compared with the previous year when they bought 10.99 per cent, a debt office presentation showed.
The debt office said local fund managers bought most of the bonds in 2019, accounting for more than a third of total demand.
In 2017, foreigners bought 11.7 per cent of Nigerian government bonds, Reuters quoted the debt office to have said in a presentation to traders.
Foreign investors reduced their participation in Nigerian …
