BOND MARKET

The Lagos State Government on Monday signed the issuance of N137.3 billion bond, aimed at executing key infrastructural projects in the state. Speaking during the signing ceremony in Ikeja, Lagos State Governor, Mr Babajide Sanwo-Olu, said that the conclusion of the process brought to N377.715 billion, the total value of...

  Nigeria’s Debt Management Office (DMO) has said federal government’s bonds for November worth N150 billion, which were auctioned on November 17, were oversubscribed by N117.15 billion. According to the DMO, the total subscription received from investors was N267.15 billion, with only one of the bonds undersubscribed. It said subscription...

Nigeria has raised $4 billion through the issuance of Eurobonds, an amount that is $1 billion more than what the government planned to raise, the Debt Management Office (DMO) has announced. The government plans to use the proceeds of the borrowing from foreign investors to finance a part of the...

Access Bank Plc has announced successful launch of a $500 million 144A/RegS Senior Unsecured Eurobond – 5-year unsecured note under the Bank’s $1.5billion Global Note programme – as part of its Global Medium-Term Note Programme. According to a notice signed by the company’s secretary, Sunday Ekwochi, and made available on...

The Debt Management Office (DMO) has announced an offering for the Federal Government of Nigeria (FGN) Savings Bond at N1,000 per unit. This is according to a circular posted on its website on Monday. The circular noted that the FGN Savings Bond offer by the Agency is on behalf of...

The Federal Government has listed its latest issuances under its Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Exchange (NGX) Limited. The listing of the two tranches of the FGNSB issued earlier this month paved the way for bondholders to trade on their holdings. The government had offered...

The Kwara Government has replied the request of Elites Network for Sustainable Development (ENetSuD) for information concerning the proposed ₦35 billion Bond approved for the State Government by the House of Assembly. The ENetSuD Coordinator, Dr Abdulateef Alagbonsi, confirmed receiving the response from the state Ministry of Finance in a...

FMDQ Securities Exchange Ltd has announced the admission for listing the BUA Cement Plc N115 billion series 1 fixed rate senior unsecured bond under its N200 billion bond issuance programme. The issuance, the first by BUA Cement, becomes the largest corporate bond issued in the Nigerian Debt Capital Market (DCM)....

CardinalStone Partners Limited took to the platform of Nigerian Exchange (NGX) Limited to commemorate the listing of its N5Billion bond with a digital Closing Gong Ceremony on Thursday, 20 May 2021. The debut listing was the CardinalStone Financing SPV Plc’s ₦5bn, 5-Year Series 1 bonds under the company’s ₦10 Billion...

Data from the Securities and Exchange Commission (SEC) Nigerian has shown that companies raised a total of N258.59 billion from bond market in 2020 despite the effect of COVID-19 pandemic According to the SEC data, the corporate bonds issued in 2020 rose by 45.91 per cent from the N177.22 billion...