Foreign investors bought less Nigeria bonds last year -debt office

LAGOS, Jan 16 (Reuters) – Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, 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. (Reporting by Chijioke Ohuocha; Editing by Hugh Lawson)

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