BOND MARKET

Nigeria plans to auction 135 billion naira ($442 million) in bonds next week, the Debt Management Office (DMO) said on Tuesday. The debt office plans to sell 35 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in 2027 and in 2037, using a...

In order to attract private capital to conflict zones like Nigeria to help some of the world’s neediest people, while giving investors a return on their money, the Red Cross has unveiled a funding model along that line. According to Reuters, the funding model called “Humanitarian Impact Bond” was set...

The Federal Government today (Thursday) commenced activities preparatory to the issuance of N100 billion non-interest bearing Islamic bond, known as Sukuk. A statement by the Debt Management Office (DMO) said a national roadshow to be led by the Director-General of the DMO, Ms. Patience Oniha, would begin today (Thursday). The...

The Federal Government on Monday offered for a subscription two-year Savings Bond at 13.535 per cent and a three-year Savings Bond at 14.535 per cent. The Debt Management Office (DMO) stated on its website that both bonds would be due in August 2019. It did not, however, state how much...

The Federal Government plans to sell N135 billion worth of bonds in its July 12 auction, the Debt Management Office (DMO) has said. The offer circular, which was obtained from its website on Wednesday, said it would sell N35 billion of bonds that would mature in July 2021 at 14.50...

The Federal government of Nigeria has successfully raised $300 million at coupon rate of 5.625 per cent for a tenor of five years in its First Diaspora Bond in the international capital market. According to the Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, in a statement...

At an auction on Wednesday, the federal government raised N110 billion worth of bonds to mature in 2021, 2027 and 2037. The bond obtained from its website of the Debt Management Office (DMO) shows that fewer bonds were sold at the auction than the N140 billion anticipated. It also said...

The Federal Government of Nigeria plan (FGN) is to auction 140 billion naira ($446 million) in bonds on May 10, the Debt Management Office (DMO) said on Wednesday. The debt office will sell 40 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in...

Lagos State Government has redeemed N57.5 billion naira ($183 million) worth of local currency bonds it issued seven years ago, it said on Tuesday. Finance Commissioner Akinwunmi Ashade said the state was paying off its debts to create space for new issuance to raise funds for infrastructure investment. He said...

Nigeria plans to raise 135 billion naira ($429.25 million) in naira-denominated bonds at its April 12 debt auction, the fourth this year, the Debt Management Office said on Wednesday. The debt office said it would raise 35 billion naira in bonds due to mature in 2021, 50 billion naira maturing...