NUG says it Bonds sale disrupted banking systems

26 November 2021
NUG says it Bonds sale disrupted banking systems

The demand for the National Unity Government’s (NUG) revolution bonds was so overwhelming that it disrupted the digital banking services of some banks, according to Its Public Voice Television service, Bloomberg reported.

However, DBS Group Holdings Ltd., which faced a second day of outages in its online banking services, said on Twitter that there was no truth in rumours that the disruption was linked to the sale of bonds by the NUG.

The NUG raised $9.5 million within 24 hours of the opening of the sale of its so-called spring revolution special bonds, Public Voice Television said.