Nigeria’s Eurobonds Show Yields Above 8% as of June 21, 2024

Date:

As of June 21, 2024, several Federal Government of Nigeria (FGN) Eurobonds have reported yields surpassing 8%, reflecting the current market dynamics. Below is a summary of the latest performance and key metrics for these bonds:

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7.625% Eurobond Maturing November 2025

  • Issue Date: November 21, 2018
  • Time to Maturity (TTM): 1.42 years
  • Price: $100.29 (+$0.08 weekly)
  • Yield: 7.4% (-0.06%)

6.50% Eurobond Maturing November 2027

  • Issue Date: November 28, 2017
  • TTM: 3.44 years
  • Price: $92.13 (-$0.56 weekly)
  • Yield: 9.2% (+0.22%)

6.125% Eurobond Maturing September 2028

  • Issue Date: September 28, 2021
  • TTM: 4.27 years
  • Price: $87.29 (-$0.72 weekly)
  • Yield: 9.8% (+0.24%)

8.375% Eurobond Maturing March 2029

  • Issue Date: March 24, 2022
  • TTM: 4.76 years
  • Price: $93.14 (-$1.22 weekly)
  • Yield: 10.2% (+0.35%)

7.143% Eurobond Maturing February 2030

  • Issue Date: February 23, 2018
  • TTM: 5.68 years
  • Price: $85.89 (-$1.38 weekly)
  • Yield: 10.5% (+0.37%)

8.747% Eurobond Maturing January 2031

  • Issue Date: November 21, 2018
  • TTM: 6.59 years
  • Price: $91.71 (-$1.41 weekly)
  • Yield: 10.5% (+0.32%)

7.875% Eurobond Maturing February 2032

  • Issue Date: February 16, 2017
  • TTM: 7.66 years
  • Price: $85.72 (-$1.57 weekly)
  • Yield: 10.7% (+0.34%)

7.375% Eurobond Maturing September 2033

  • Issue Date: September 28, 2021
  • TTM: 9.28 years
  • Price: $80.68 (-$1.52 weekly)
  • Yield: 10.7% (+0.30%)

7.696% Eurobond Maturing February 2038

  • Issue Date: February 23, 2018
  • TTM: 13.68 years
  • Price: $76.20 (-$1.51 weekly)
  • Yield: 11.1% (+0.26%)

7.625% Eurobond Maturing November 2047

  • Issue Date: November 28, 2017
  • TTM: 23.45 years
  • Price: $71.35 (-$1.81 weekly)
  • Yield: 11.1% (+0.28%)

9.248% Eurobond Maturing January 2049

  • Issue Date: November 21, 2018
  • TTM: 24.60 years
  • Price: $86.40 (-$2.00 weekly)
  • Yield: 10.8% (+0.26%)

8.25% Eurobond Maturing September 2051

  • Issue Date: September 28, 2021
  • TTM: 27.29 years
  • Price: $75.46 (-$1.57 weekly)
  • Yield: 11.1% (+0.23%)

These movements in yields highlight the evolving investor sentiment towards Nigerian sovereign debt and underline the necessity for informed decision-making by investors.

Godwin Okafor, The Naija247news
Godwin Okafor, The Naija247newshttps://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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