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Sunday, July 5, 2020

Nigeria’s central bank to sell N821.8 bn Treasury Bills in Q3’20

The Central Bank of Nigeria, CBN, has slated Treasury Bills, TBs, sales worth N821.8 billion in the third quarter 2020, Q3’20. This is contained in the apex bank’s latest Nigeria Treasury Bills Issue programme released yesterday. Treasury Bills are short term (less than...

FGN Bond Yields Fall for Most Maturities on Sustained Bullish Activity…

In line with our expectations, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated for most maturities tracked amid sustained bullish 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...

FG begins sale of N150bn sovereign Sukuk at 11.2%

The Federal Government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, the Debt Management Office (DMO) said. The offer circular, which was obtained from its website, said the seven year Islamic Sukuk, referred to as Ijarah, was at a...

FGN Bond Stop Rates Rise for Most Maturities on Increased Allotments…

In the just concluded week, DMO sold FGN bonds worth N296.20 billion at the primary market auction, viz: 5-year, 12.75% FGN APR 2023 worth N30.07 billion, 15-year, 12.50% FGN MAR 2035 paper worth N72.25 billon and 30-year, 12.98% FGN MAR 2050 debt worth N53.74 billion. Given...

DMO to sell N60bn FGN bonds, as external reserves hit $35.47bn

The Debt Management Office (DMO) will, today, conduct bond auction by offering N60 billion worth of Federal Government of Nigeria (FGN) bonds to investors. This comes as the databank of the Central Bank of Nigeria, CBN, shows further rise in the nation’s external reserves. According...

FGN Bond Yields Rise for Most Maturities Tracked amid Sustained Bearish Activity…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment depreciated for most maturities tracked amid sustained bearish activity: the 5-year, 14.50% FGN JUL 2021 paper and the 7-year, 13.53% FGN MAR 2025 note, lost N1.01 and N3.25...

DMO To Raise N60bn Through Bond Auction

The Federal Government through the Debt Management Office (DMO) is set to raise N60 billion through bond issuance. The DMO in a bond offer circular released yesterday on its official website, stated that it plan to raise N20 billion each from the 12.75% FGN APR...

FGN Bond Yields Fall for All Maturities Tracked amid Bullish Activity…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated for all Maturities tracked amid demand pressure: 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...

OTC FGN Bond Yields Fall for Most Maturities Tracked amid Sustained Bullish Activity…

In line with our expectations, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated further for most maturities tracked amid sustained buy pressure: the 5-year, 14.50% FGN JUL 2021 paper, the 10-year, 16.29% FGN MAR 2027 debt and the 20-year, 16.25%...

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...
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