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Thursday, August 6, 2020

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...

Nigerian govt. to auction N100 billion bonds March 27

The federal government will auction by subscription N100 billion worth of bonds on March 27, the Debt Management Office (DMO) says. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year re-opening bonds of N40 billion to mature in...

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...

Here’s how you can protect your investment portfolio from Naira devaluation

The Naira has been undergoing some erosions in value in what economist call devaluation since September 1986, but the pace of such devaluation seems to be gaining traction. It will be recalled that the Naira was higher in value than the US dollar until around...

Bond Yields 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: the 5-year, 14.50% FGN JUL 2021 paper and the 10-year, 16.29% FGN MAR 2027 debt increased by N0.10 and N0.76; their corresponding yields moderated...

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...

Bond Prices Rally on Bargain Hunting Activity …

In line with our expectation, the value of FGN bonds traded at the over-the-counter (OTC) segment appreciated (and yields fell) for most maturities tracked against the backdrop of boost in financial system liquidity. Specifically, 5-year, 14.50% FGN JUL 2021 paper and the 10-year, 16.29%...

AMCON N3.8 trillion Bond matures 2023

The Asset Management Corporation of Nigeria (AMCON) Notes worth N3.8 trillion will mature in 2023, a report by the Central Bank of Nigeria (CBN) has shown. According to the CBN’s Annul Activity Report released yesterday, the AMCON Bond was issued in December 2014 at six...

FG begins sale of 2, 3 year savings bonds at 11. 244%, 12.244% for October

The Federal Government on Monday offered for subscription two-year savings bond at 11.244 per cent and three-year savings bond at 12.244 per cent per annum, the Debt Management Office (DMO) has said. According to the offering circular obtained from the DMO website, the two-year bond...

WeekAheadBond: FGN Bond price seen mellow amid expected bearish activity

As Bond Prices Sink on Renewed 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, 5-year, 14.50% FGN...
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