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Sunday, August 9, 2020

FG plans to borrow N1.6tn in 2019 —DMO

The Director-General, Debt Management Office, Ms Patience Oniha, has said the Federal Government plans to borrow N1.6tn to fund the 2019 budget. Oniha said the government had been reducing its level of new borrowings, as it dropped from N2.2tn in 2017 to N1.6tn in 2018. She...

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 Stop Rates Fall for All Maturities Auctioned amid Demand Pressure…

In the just concluded week, DMO sold FGN bonds worth N177 billion at the primary market auction, viz: 10-year, 12.50% FGN APR 2026 worth N25.00 billion, 15-year, 12.50% FGN MAR 2035 paper worth N42.00 billon, 25-year, 9.80% FGN JUL 2045 bond worth N75.00 billion...

OTC FGN Bonds Move 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 mixed directions across maturities tracked: the 5-year, 14.50% FGN JUL 2021 paper and 10-year, 16.29% FGN MAR 2027 debt fell by N0.22 and N0.52 respectively; their...

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%...

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

In the just concluded week, Debt Management Office (DMO) sold bonds worth N29.35 billion, viz: 12.75% FGN APR 2023 (5-Yr Re-opening) worth N3.80 billion, 13.53% FGN MAR 2025 (7-Yr Re-opening) worth N5.55 billion and 13.98% FGN FEB 2028 (10-Yr Re-opening) worth N20.00 billion respectively. ...

FGN Bond Stop Rates Drop Further on Demand Pressure…

In the just concluded week, Debt Management Office (DMO) sold bonds worth N409.99 billion, viz: 5-year, 12.75% FGN APR 2023 (Re-opening) worth N29.30 billion, 10-year, 14.55% FGN APR 2029 (Re-opening) worth N106.39 billion and 30-year, 14.80% FGN APR 2049 (Re-opening) worth N274.30 billion 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 Yields Move in Mixed Directions across Maturities…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment moved in mixed directions across maturities tracked. The 5-year, 14.50% FGN JUL 2021 paper and the 7-year, 13.53% FGN MAR 2025 note lost N0.45 and N0.86, respectively while their...

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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