Nigeria’s FGN Eurobonds Yield Above 8% Despite Market Movements



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As of Friday, June 28, 2024, Nigeria’s Federal Government Eurobonds continued to trade with varying yields, reflecting ongoing investor sentiment and market dynamics. Here’s a breakdown of the latest trading details:

7.625% due 21-NOV-2025:

Issue Date: 21-Nov-2018
Time to Maturity (TTM): 1.40 years
Price (N): 100.08
USD ∆: -0.21
Yield: 7.6%
PPT Δ: 0.16
6.50% due NOV 28, 2027:

Issue Date: 28-Nov-2017
TTM: 3.42 years
Price (N): 92.32
USD ∆: 0.19
Yield: 9.2%
PPT Δ: -0.06
6.125% due SEP 28, 2028:

Issue Date: 28-Sep-2021
TTM: 4.25 years
Price (N): 87.46
USD ∆: 0.17
Yield: 9.8%
PPT Δ: -0.04
8.375% due MAR 24, 2029:

Issue Date: 24-Mar-2022
TTM: 4.74 years
Price (N): 93.50
USD ∆: 0.36
Yield: 10.1%
PPT Δ: -0.10
7.143% due FEB 23, 2030:

Issue Date: 23-Feb-2018
TTM: 5.66 years
Price (N): 86.52
USD ∆: 0.63
Yield: 10.4%
PPT Δ: -0.16
8.747% due JAN 21, 2031:

Issue Date: 21-Nov-2018
TTM: 6.57 years
Price (N): 92.20
USD ∆: 0.49
Yield: 10.4%
PPT Δ: -0.10
7.875% due 16-FEB-2032:

Issue Date: 16-Feb-2017
TTM: 7.64 years
Price (N): 86.18
USD ∆: 0.46
Yield: 10.6%
PPT Δ: -0.09
7.375% due SEP 28, 2033:

Issue Date: 28-Sep-2021
TTM: 9.26 years
Price (N): 81.42
USD ∆: 0.74
Yield: 10.6%
PPT Δ: -0.14
7.696% due FEB 23, 2038:

Issue Date: 23-Feb-2018
TTM: 13.67 years
Price (N): 77.09
USD ∆: 0.89
Yield: 11.0%
PPT Δ: -0.15
7.625% due NOV 28, 2047:

Issue Date: 28-Nov-2017
TTM: 23.43 years
Price (N): 72.12
USD ∆: 0.77
Yield: 11.0%
PPT Δ: -0.12
9.248% due JAN 21, 2049:

Issue Date: 21-Nov-2018
TTM: 24.58 years
Price (N): 87.23
USD ∆: 0.83
Yield: 10.7%
PPT Δ: -0.11
8.25% due SEP 28, 2051:

Issue Date: 28-Sep-2021
TTM: 27.27 years
Price (N): 76.24
USD ∆: 0.78
Yield: 11.0%
PPT Δ: -0.12
Despite fluctuations in prices and yields, the overall trend indicates that Nigerian Eurobonds are maintaining yields above 8%, reflecting cautious investor sentiment amidst economic uncertainties. Investors continue to monitor these securities closely for potential opportunities amid evolving market conditions.

Godwin Okafor, The Naija247news
Godwin Okafor, The Naija247news
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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