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Nigeria trims bond auction allotments amid rate cut expectations

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Bond Photo by Markus Winkler @ Unsplash
Bond Photo by Markus Winkler @ Unsplash

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Nigeria accepts only part of demand in oversubscribed bond sales
  • Move signals borrowing caution as investors bet on September rate cut

 

LAGOS, NIGERIA – Nigeria cut back on allotments at two oversubscribed bond auctions, accepting only part of investor demand, despite heavy bids ahead of a potential interest rate cut.

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