The Government has disclosed that 44 bids, valued at $5.87 billion, were submitted for its 25 year 12.25% per annum benchmark investment note, due in 2050.
However, it accepted only 31 bids, valued at four billion dolalrs, while advising that the average yield was 7.89% per annum.
The lowest bid submitted was 7.5% per annum for $49.35 million, while the highest bid submitted was 12% per annum for $50 million.
Twenty Billion Dollars
The government also disclosed that 137 bids, valued at $21.12 billion, were received for the 20 billion dollars it wanted to secure from the 15 year benchmark investment note, due in 2040.
It pointed out, however, that only 123 bids, valued at $20 billion, were accepted.
The average yield for the successful bids was 7.47% per annum.
The lowest bid was 5.25% per annum for 50 million dollars; while the highest was 8.19% per annum for $440 million.
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