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Friday, May 29, 2020

Nigeria bonds rise after Buhari Presidential election win

LONDON, Feb 27 - Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer. The country’s longer-dated bonds were up as much as 0.8 cents...

Nigeria Offers 2-year, 3-year bonds at 11.62%, 12.62% for March

The Federal Government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on Monday, the two-year bond will...

Introducing FGN savings bond offer for April 2019

This is to bring to the notice of the public that the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), wishes to introduce a retail savings product that will be accessible to all income groups – the FGN Savings...

OTC FGN Bonds Prices Rise for Most Maturities on Sustained Bullish Activity…

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment appreciated for most maturities tracked: the 20-year, 10% FGN JULY 2030 note, 10-year, 16.39% FGN JAN 2022 debt, and 5-year, 14.50% FGN JUL 2021 bond increased by N1.48,...

FGN Bond Yields Fall Further for all Maturities Tracked amid Sustained Buy Pressure…

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment further rose for all maturities tracked: 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 debt and...

Nigeria Eurobond yields rise after surprise election delay

LONDON, Feb 18 - Nigeria’s Eurobond yields rose on Monday after the country’s surprise decision to delay national elections over the weekend, just hours before polls had been due to open. The electoral commission said the postponement, which is due to last a week, was...

5-year FGN JUL 2021 Bond Issued at 14.50% Slides to Single Digit, 8.20%…

In the just concluded week, values of FGN bonds traded at the over-the-counter (OTC) segment moderated for most maturities tracked in line with our expectation: the 7-year, 13.53% FGN MAR 2025 note, the 10-year, 16.29% FGN MAR 2027 debt and the 20-year, 16.25% FGN APR 2037...

FG plans to borrow N1.6tn in 2019 —DMO

The Director-General, Debt Management Office, Ms Patience Oniha, has said the Federal Government plans to borrow N1.6tn to fund the 2019 budget. Oniha said the government had been reducing its level of new borrowings, as it dropped from N2.2tn in 2017 to N1.6tn in 2018. She...

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...

Investors oversubscribes Nigeria’s 30-yr bond debut

A statement by the Debt Management Office (DMO) on Wednesday night said: “Investors keenly contested for the N20 billion 30-year FGN Bond offered by the Debt Management Office (DMO) at the April 2019 FGN Bond Auction.” According to the DMO, “a total subscription of N80.41...