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Lagos, South Africa and New York
Sunday, August 9, 2020

Offshore Investors Rally 10-Year Bond following Decline in CPI Inflation

**Nigerian consumer inflation falls to 11.22% in June*** – NBS Bonds: Demand Interests remained stable in the FGN bond space, with yields relatively unchanged on the day, as market players remained cautious ahead of the Q3 FGN Bond Calendar release. We, however, witnessed some offshore...

Foreign investors brought less Nigeria bonds last year -debt office

By Chijioke Ohuocha LAGOS, Jan 16 - Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office presentation showed. The debt office said local fund...

OTC FGN Bonds Prices Fall amid Renewed Sell-Offs…

BOND MARKET: In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment fell for all maturities tracked amid renewed sell pressure: the 20-year, 10% FGN JULY 2030, 10-year, 16.39% FGN JAN 2022 debt, 7-year, 16.00% FGN JUN 2019...

Nigeria’s DMO resumes FGN savings bonds offer August 10

The Debt Management Office said it has resumed its offer of the Federal Government of Nigeria savings bond effective August 2020 after its suspension in April. It said this in a statement on Thursday titled ‘Resumption of FGN savings bond offer in August...

Bond Yields Retrace Higher Following Q3 FGN Bond Calendar Release

Below are the highlights of trading activities in the fixed income and forex market today. Bonds In the FGN Bond market, spreads widened as bids pulled higher in response to the release of the FGN Bond Circular for the month, where the DMO indicated its...

Nigeria offers 2, 3-year savings bonds at 11.74%, 12.74% for May

Abuja – The Federal Government has offered for subscription of two-year savings bond at 11.74 per cent and three-year savings bond at 12.74 per cent per annum, the Debt Management Office (DMO) has said. Eurobonds Eurobonds According to the offer circular obtained from the...

FGN Bond Prices Remain Soft on Sustained Profit Taking…

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment depreciated (and yields rose) across the maturities tracked against the backdrop of strain in financial system liquidity. Specifically, the 7-year, 13.53% FGN MAR 2025 bond, the 10-year, 16.29%...

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...

WeekAheadBond: Nigeria seen issue bond worth N100 bln as fixed income assets pressure worsens

BOND MARKET: FGN Bond Prices Fall for Most Maturities Tracked amid Sell Pressure… In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment depreciated (and yields rose) for most maturities tracked amid renewed sell pressure: 7-year, 13.53% FGN MAR...

Investors bid N234bn for N150bn bonds offer — DMO

The Debt Management Office (DMO) says the Federal Government’s February bonds received over N234 billion from investors for the N150 billion that was offered. A statement obtained from the DMO website on Wednesday in Abuja said that the auction had three instruments, for five, seven...
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