DMO Raises N5.86bn from August Savings Bonds
The Debt Management Office raised 5.86 billion naira through its August savings bond auction. The intake fell 330 million naira short of July figures as coupon cuts cooled retail interest. Debt managers sold two-year paper at 13.96 per cent and three-year notes at 14.96 per cent. Savers preferred the longer maturity, committing 4.55 billion naira…