sentences:  The FGN Bonds were sold to the investing through all licensed banks and discount houses in the country.However, most of the investors adopted a "hold to maturity" approach and therefore little or no secondary trades were carried out in respect of those Bonds.In August 2006, a primary dealership/market maker network was established whereby the Primary Dealers/Market Makers ("PDMMs") are the only institutions authorised to deal directly with the DMO in Bond auctions and as such are expected to play an active role in the issuance, sale and marketing of all FGN Bonds to be issued subsequent to their appointment as PDMMs.