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Friday, August 14, 2020

Nigeria Eurobond yields rise after surprise election delay

LONDON, Feb 18 - Nigeria’s Eurobond yields rose on Monday after the country’s surprise decision to delay national elections over the weekend, just hours before polls had been due to open. The electoral commission said the postponement, which is due to last a week, was...

Rise in bonds prices to persist as N413bn inflow boosts inter-bank

Prices of FGN Bonds in the secondary market are expected to continued their upward trend this week, amidst inflow of N413 billion into the interbank money market, even as directive of the Central Bank of Nigeria (CBN) excluding local investors from participating in secondary...

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...

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...

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;...

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...

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...

FGN Bond Yields Moderate for Most Maturities Tracked amid Sustained Buy Pressure…

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

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 Fall for Most Maturities Tracked amid Sustained Buy Pressure…

In the just concluded week, Debt Management Office (DMO) allotted bonds worth N150 billion, viz: 12.75% FGN APR 2023 (5-Yr Re-opening) worth N1.50 billion, 13.53% FGN MAR 2025 (7-Yr Re-opening) worth N12.25 billion and 13.98% FGN FEB 2028 (10-Yr Re-opening) worth N136.25 billion respectively. ...
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