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Saturday, July 11, 2020

DMO Nigeria lists Pioneer FGN N100bn Sukuk Bond at FMDQ

The Debt Management Office of Nigeria, today listed the pioneer FGN Sovereign Sukuk N100bn at the FMDQ OTC exchange in Lagos.    Described as an Infrastructure classified bond, the Sukuk is now the first non-interest capital instrument developed by the FMDQ and issued by DMO on...

Bond Yields Close bearish, as CBN Holds off on OMO

**PIGB: National Assembly imposes 5% fuel levy on Nigerians***        Bonds The Bond market closed on a bearish note, with yields rising considerably higher by c.6bps across the curve. This came on the backdrop of weak appetite for bonds in the market and continued profit taking by...

Nigeria to redeem 482 bln naira of T-bills in Q2 -calendar

ABUJA, March 14 - Nigeria plans to repay 482 billion naira of treasury bills in the second quarter and will halve the amount it wants to raise between March and May to lower borrowing costs, according to its debt auction calendar seen by...

Nigeria’ DMO to raise 70 bln naira at bond auction

LAGOS, March 13 (Reuters) - Nigeria plans to raise 70 billion naira ($222 million) via a sovereign bond sale next week, the Debt Management Office (DMO) said on Tuesday, less than it has sold at previous auctions. SPONSORED STORIES The DMO said it would issue a...

Investors bid high as Nigeria bond auction raises 80 bln naira, less than amount on offer

LAGOS, Feb 22 - Nigeria raised 79.62 billion naira ($260.20 million) at an auction of government bonds on Wednesday, less than it originally planned, after it got fewer subscriptions for the most liquid five-year debt, traders said on Thursday. The Debt Management Office (DMO)...

Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt

By Paul Wallace and David Malingha Doya Yield was 7.1% on 12-year tranche, 7.7% for 20-year notes Finance ministry says order book in excess of $11.5 billion Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes...

Nigeria’s $2.5bn Eurobond attracts interest from global institutional investors

Abuja – The Federal government has announced the offering of US$2.5 billion aggregate principal amount of dual series notes under its Global Medium Term Note Programme. Eurobonds The Notes comprise of a US$1.25 billion 12-year series and a US$1.25 billion 20-year series. The 12-year...

Citi Group, Standard Chartered, Stanbic IBTC, others to handle $2.5b Eurobond

Nigeria is set to take $2.5billion Eurobond to refinance external borrowing, following yesterday’s approval by the Federal Executive Council (FEC) Minister of Finance Kemi Adeosun broke the news at a post-FEC briefing in Abuja. Others at the briefing were Minister of Information Lai Mohammed, Minister of...

Nigeria’s DMO targets N315bn, N385 bn Bond Auctions in Q1

DMO plans to raise between N315 and N385 billion from FGN Bond Auctions during the Quarter through three Bonds, the 14.50% FGN JUL 2021, the 16.2884% FGN MAR 2027 and a new 7-year Bond. The Debt Management Office, DMO, has released the Federal Government’s...

Slight profit taking as bond yields hit key support levels

Nigeria Foreign Reserves Reach $40.4B as at Jan. 8 *** Bonds The Bond market traded on a relatively quiet note, with slight sell at the close of market offsetting some initial buy interests on the long end of the curve. Average bond yields consequently inched up...
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