FGN Eurobonds Yield Over 8% Amidst Weekly Trading Trends – May 10, 2024

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As of Friday, May 10, 2024, Federal Government of Nigeria (FGN) Eurobonds continue to trade with yields surpassing the 8% mark, reflecting ongoing market dynamics and investor sentiment.

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Here’s a snapshot of the weekly trading data for FGN Eurobonds:

– **7.625% due 21-NOV-2025:** With a yield of 7.9%, this bond is trading at a price of 99.55 Naira, reflecting a slight decrease in yield by 0.17%.

– **6.50% due NOV 28, 2027:** Trading at a price of 93.26 Naira, this bond offers a yield of 8.8%, experiencing a marginal decrease in yield by 0.09%.

– **6.125% due SEP 28, 2028:** Yielding at 9.2%, this bond is priced at 89.19 Naira, with a decrease in yield by 0.12%.

– **8.375% due MAR 24, 2029:** Priced at 95.66 Naira, this bond yields 9.5%, showing a decrease in yield by 0.08%.

– **7.143% due FEB 23, 2030:** Trading at 88.94 Naira, this bond yields 9.7%, with a decrease in yield by 0.11%.

– **8.747% due JAN 21, 2031:** Offering a yield of 9.8%, this bond is priced at 94.98 Naira, experiencing a decrease in yield by 0.06%.

– **7.875% due 16-FEB-2032:** With a yield of 10.0%, this bond is priced at 88.69 Naira, showing a decrease in yield by 0.09%.

– **7.375% due SEP 28, 2033:** Trading at 84.42 Naira, this bond yields 10.0%, with a decrease in yield by 0.10%.

– **7.696% due FEB 23, 2038:** Yielding at 10.4%, this bond is priced at 80.32 Naira, showing a decrease in yield by 0.11%.

– **7.625% due NOV 28, 2047:** Priced at 76.37 Naira, this bond offers a yield of 10.3%, experiencing a decrease in yield by 0.14%.

– **9.248% due JAN 21, 2049:** Trading at 90.76 Naira, this bond yields 10.3%, with a decrease in yield by 0.09%.

– **8.25% due SEP 28, 2051:** Offering a yield of 10.5%, this bond is priced at 79.79 Naira, showing a decrease in yield by 0.07%.

These figures reflect the current market sentiment and provide insights into the performance of FGN Eurobonds amidst prevailing economic conditions.


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Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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