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Monday, August 3, 2020

FGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated further for most maturities tracked amid demand pressure. Specifically, the 5-year, 14.50% FGN JUL 2021 paper, the 7-year, 13.53% FGN MAR 2025 note and the 20-year, 16.25% FGN...

DMO Revises Bond Auction Calendar, Issues New 15-year (2035s) and 50-year Bond (2050s) Maturities

FGN Bonds Yields recovered slightly in the Bonds Market, buoyed by the revised Bond auction calendar from the Debt Management Office (DMO), as it replaced the 2029s and 2049s with new issuances (2035 and 2050) for the bond auction coming up later this month. This...

FGN Bond Rates Moves in Mixed Directions across Maturities Tracked…

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment moved in different directions across maturities tracked. Specifically, the 5-year, 14.50% FGN JUL 2021 paper and the 20-year, 16.25% FGN APR 2037 instrument lost N0.42 and N0.70 respectively;...

WeekAheadBondMarket: FGN Bond price to increase as yields fall

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment appreciated (and yields fell) for most maturities tracked amid renewed buy pressure: the 5-year, 14.50% FGN JUL 2021 paper, the 10-year, 16.29% FGN MAR 2027 debt and 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%...

OTC FGN Bonds Prices Rise for Most Maturities on Sustained Bullish Activity…

In the just concluded week, the value of FGN bonds traded at the over-the-counter (OTC) segment appreciated for most maturities tracked: the 20-year, 10% FGN JULY 2030 note, 10-year, 16.39% FGN JAN 2022 debt, and 5-year, 14.50% FGN JUL 2021 bond increased by N1.48,...

Nigeria Offers 2-year, 3-year bonds at 11.62%, 12.62% for March

The Federal Government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on Monday, the two-year bond will...

5-year FGN JUL 2021 Bond Issued at 14.50% Slides to Single Digit, 8.20%…

In the just concluded week, values of FGN bonds traded at the over-the-counter (OTC) segment moderated for most maturities tracked in line with our expectation: the 7-year, 13.53% FGN MAR 2025 note, the 10-year, 16.29% FGN MAR 2027 debt and the 20-year, 16.25% FGN APR 2037...

Investors oversubscribes Nigeria’s 30-yr bond debut

A statement by the Debt Management Office (DMO) on Wednesday night said: “Investors keenly contested for the N20 billion 30-year FGN Bond offered by the Debt Management Office (DMO) at the April 2019 FGN Bond Auction.” According to the DMO, “a total subscription of N80.41...

Introducing FGN savings bond offer for April 2019

This is to bring to the notice of the public that the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), wishes to introduce a retail savings product that will be accessible to all income groups – the FGN Savings...
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