BOND MARKET

The Federal Republic of Nigeria on Wednesday announce d that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5 per cent under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will be consolidated and form a...

The bidding for the Federal Government’s two-year savings bond has opened. The Federal Government of Nigeria’s Savings Bond (FGNSB) which is targeted at retail investors is carrying a coupon of 13.01 per cent. Debt Management Office (DMO) is targeting the bonds at retails investors and is expected to help broaden...

Statistics by the Debt Management Office (DMO) has shown that serving Nigeria’s domestic debt gulped N1.23tn in 2016. This is against N1.02 trillion the Federal Government spent in 2015 on servicing its domestic debts. This comprised N25 billion spent on the repayment of the principal and N993.13 billion spent on...

  Express fear over mismanagement, repayment Foreign investors’ confidence high Following the raising of $1 billion by the Federal Government through Eurobond which was oversubscribed by close to 800 per cent, stakeholders have advised government to invest the bond in infrastructure to yield the necessary impact. This is even as...

The Federal Government on Thursday announced that its $1 billion Global Medium Term Note programme was eight times oversubscribed with orders in excess of US$7.8 billion compared to a pre-issuance target of US$ 1.0 billion demonstrating strong market appetite for Nigeria. According to a press statement signed by Salisu Na’inna...

Fitch Ratings has assigned Nigeria's upcoming USD denominated senior unsecured notes an expected rating of 'B+(EXP)'. This is according to a statement released by the rating agency. The agency said the assignment of the final rating is contingent on the receipt of final documents materially conforming to information already reviewed....

The Federal Government has disclosed that it will look to issue a debut Diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion euro-bond sale this month. Nigeria is in its first recession in 25 years and needs to find money to make up for...

The Federal government of Nigeria has asked Goldman Sachs and Stanbic IBTC Bank, the local unit of South Africa's Standard Bank, to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic said on Monday. Nigeria first announced plans to sell bonds targeting Nigerian...

The Federal Government of Nigeria raised 214.95 billion naira ($704.18m) in local currency bonds at its first auction this year with the debt sold at yields below galloping inflation, the Debt Management Office said on Thursday. According to Reuters’ report monitored by Business247 News Online, the sale was on Wednesday....

Nigeria will look to issue a debut Diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion Eurobond sale this month, a finance ministry source told Reuters on Wednesday. Nigeria is in its first recession in 25 years and needs to find money to make...