BOND MARKET

  The Federal Government said it made N343.05 million from sales of savings bond in July. The results of the sales published on the website of the Debt Management Office (DMO) on Wednesday in Abuja, showed that N79.98 million was allotted for July 2020 at 10.48 per cent. It also...

FMDQ OTC Securities Exchange, the foremost debt capital, foreign exchange and derivatives over-the-counter securities exchange in Nigeria, and S&P Dow Jones Indices, the world’s leading provider of financial market indices, had in 2017 announced the signing of a cooperation agreement to create and launch co-branded fixed income indices, the successful...

Nigeria plans to raise $2.8 billion of debt offshore as part of its 2018 budget and will explore all options to lower costs, the head of the Debt Management Office (DMO) told Reuters. The government has laid out plans to borrow abroad even though interest rates are rising in the...

    Nigeria’s issuance of $2.5 billion Eurobond in the first quarter of this year is expected to raise the country’s debt service cost and refinancing risks, Fitch Ratings, said on Wednesday. According to its report titled: Sub Saharan Africa Sovereign Debt Steadies but Refinancing Risk May Rise,  Fitch said...

  The Debt Management Office (DMO) on Thursday disclosed that its March auction was oversubscribed, just like the January and February auctions. Total subscription at the March auction was N142.81 billion, representing 204% of the amount offered. The DMO said the exercise was the third in the series of FGN...

The Federal Government of Nigeria Savings Bond offer for March’2018 opens today (Monday) the 5th of March’2018 and will remain open for five days till the 9th of  March, 2018. Subsequently, the Debt Management Office (DMO) has announced that the bonds will be offered at the following rates: 2-Year FGN...

  Following increased calls for climate funding, Mr Ahmad Salihijo, a technical assistant to the Minister of Environment, said the ministry planned to issue N150 billion green bonds to the public. Salihijo revealed this in a panel discussion on Making Climate Finance Work for Women and Non-State Actors organized by...

  Nigeria’s Union Bank is working with Citigroup and Renaissance Capital on a planned Eurobond sale, two banking sources told Reuters, following on from its $163 million share sale in the fourth quarter to boost lending. The bank’s plans also follow Nigeria’s $2.5 billion Eurobond sale in February to refinance...

The Debt Management Office (DMO) said on Friday that proposed $2.5 billion Eurobond to refinance some of Nigeria’s Treasury bill portfolio will not increase its overall debt stock but helps to lower cost. The DMO said in a statement that proceeds from the bond sale would be converted to naira...

  Nigerian bond yields rose 50 basis points across maturities on Wednesday to a level last seen five months ago, traders said. Investors, worried that rising global inflation could trigger a rate hike in developed economies and lead to a capital flight in emerging markets, were closing out their bond...