BOND MARKET

Nigeria is looking for financial and legal advisers and trustee firms to organise its first Islamic bond in the domestic market, the country's Debt Management Office (DMO) said on Monday. According Reuters’ report monitored by Business247 News Online, the OPEC member, which is Africa's largest economy, is working on a...

Nigeria plans to sell 95 billion naira ($301.8 million) of bonds on Nov. 16, the Debt Management Office (DMO) to Reuters on Friday. The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 billion of...

The Debt Management Office (DMO) has advised the Federal Government not to borrow above $22.08 billion in 2017. The DMO gave the recommendation on Tuesday in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria (NAN) in Lagos. In the report, DMO stated that the...

Debt Management Office (DMO) has launched a one-week roadshow to Britain and the United States to promote a planned $1 billion Eurobond issue to investors, a government official told Reuters on Tuesday. "The DMO is currently on a roadshow to the UK and U.S.," the official said, asking not to...

Nigeria in need of funding to cover a record budget deficit, may take heart from the performance of its dollar debt as it prepares to tap the Eurobond market for the first time since 2013. According to Bloomberg report monitored by Business247 News Online, gains in the nation’s U.S. currency-denominated...

The Federal Government of Nigeria has raised the sum of N212.85 billion ($654.92 million) in an auction of treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office showed on Thursday. The debt office raised 45.85 billion naira of three-month paper at 14.38...

The Debt Management Office (DMO) is planning to raise N110 billion through the Federal Government (FGN) bonds on Wednesday. The debt office said the weekend that it would sell N40 billion of a bond maturing in 2036, N30 billion maturing in 2026 and N40 billion of debt maturing in 2021,...

The Debt Management Office (DMO) has said that it will raise N110 billion worth of bonds in three categories on August 17. The DMO said this in“Bond Circular” posted on its website on Wednesday. According to the DMO circular, the three categories of bonds include a 20-year bond, a 10-year...

Nigeria is seeking two lead managers and a financial adviser to organize the issuance of $1 billion of Eurobonds this year, according to the nation’s Debt Management Office. According to Bloomberg report monitored by Business247 News Online, the sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term...

Niyi Olaoye Report of the Debt Management Office (DMO) has shown that Deposit Money Banks (DMBs) got more allotment at 27.54 per cent of the total FGN Bonds allotted in 2015. Analysis of Federal Government (FGN) Bonds allotments by investor-type depicts that the banks were followed by Fund Managers &...