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Lagos, South Africa and New York
Saturday, May 30, 2020

Bond prices to rise further as N253bn inflow boosts interbank liquidity

THE two weeks upward trend in bond prices is expected to persist this week even as inflow of N253 billion boosts liquidity in the interbank money market. Faced with scarcity of attractive investment outlets to reinvest funds from maturing bonds and treasury bills, local investors...

OTC FGN Bond Yields Rise Sharply for the 10-year Bond to 14.05% from 10.60%…

In the just concluded week, values of FGN bonds traded at the over-the-counter (OTC) segment depreciated further for all maturities tracked amid sustained bearish activity: the 5-year, 14.50% FGN JUL 2021 paper, the 7-year, 13.53% FGN MAR 2025 note, the 10-year, 16.29% FGN MAR 2027...

DMO Revises Bond Auction Calendar, Issues New 15-year (2035s) and 50-year Bond (2050s) Maturities

FGN Bonds Yields recovered slightly in the Bonds Market, buoyed by the revised Bond auction calendar from the Debt Management Office (DMO), as it replaced the 2029s and 2049s with new issuances (2035 and 2050) for the bond auction coming up later this month. This...

FMDQ Exchange Admits Eat & Go Finance SPV Plc’s N11.5bn Bond

Goddy Egene FMDQ Securities Exchange Limited has admission the Eat & Go Finance SPV Plc N11.500 billion Series 1 14.25 per cent Fixed Rate Senior Unsecured Bond for listing on its platform in line the exchange’s commitment towards fostering development by championing and supporting...

Nigeria Bond Market Yields Rise Sharply for the 7-year Bond to 10.23% from 6.99%…

In line with our expectation, values of FGN bonds traded at the over-the-counter (OTC) segment depreciated for most maturities tracked amid renewed bearish activity: the 7-year, 13.53% FGN MAR 2025 note and the 10-year, 16.29% FGN MAR 2027 debt lost N14.75 and N3.94 respectively...

ISDB, LSE Plc Partner To Boost Green Sukuk

The Islamic Development Bank (ISDB) and the London Stock Exchange Plc (LSE) have both pledged to partner to boost Green Sukuk globally. The decision to develop the green Sukuk market was part of key resolutions taken when the President of the ISDB, Dr. Bandar...

FGN Bond Yields Move in Mixed Directions as Investors Aim Better Yields…

In the just concluded week, values of FGN bonds traded at the over-the-counter (OTC) segment moved in mixed directions across maturities tracked as investors jostle for better yields: the 7- year, 13.53% FGN MAR 2025 note and the 10- year, 16.29% FGN MAR 2027 debt rose...

Bonds look like they are flashing a warning for global markets

Treasury yields have defied expectations so far this year, and the yield on the benchmark 10-year is at the lowest level since Nov. 1. The 10-year is important since its rate influences mortgages and other loans, and when its yield moves lower, it can reflect...

FGN Bond Stop Rates Drop Further on Demand Pressure…

In the just concluded week, Debt Management Office (DMO) sold bonds worth N409.99 billion, viz: 5-year, 12.75% FGN APR 2023 (Re-opening) worth N29.30 billion, 10-year, 14.55% FGN APR 2029 (Re-opening) worth N106.39 billion and 30-year, 14.80% FGN APR 2049 (Re-opening) worth N274.30 billion respectively....

Foreign investors brought less Nigeria bonds last year -debt office

By Chijioke Ohuocha LAGOS, Jan 16 - 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...