Bonds

FG To Issue N135bn Bonds Next Week – DMO

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian Government will issue  bonds worth N135 billion July 12 auction, the Debt Management Office (DMO) has said. According to the offer circular obtained from the website of Nigeria’s official debt managers on Wednesday, the DMO said it plans to sell N35 billion of bonds that it will retire in July 2021 at ...

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Dangote Cement Gets Moody’s Ba3, Aaa.Ng Ratings

By Nse Anthony-Uko (Sundiata Finance) – Renowned rating agency, Moody’s Investors Service, has assigned a first-time Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and Aaa.ng national scale rating (NSR) corporate family rating to Dangote Cement Plc. A statement issued on Wednesday by Moody’s revealed that the outlook on the Nigeria-based cement producer’s ratings is stable. Vice President ...

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FG Targets N450bn Revenues From Local Currency Bonds In Q3

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The Federal Government of Nigeria is planning to sell between N360 billion and N450 billion ($1.48 billion) worth of local currency bonds in the third quarter of the year, according to its bond auction schedule released on Wednesday by the country’s Debt Management Office (DMO). According to the debt office, the bond auctions would consist ...

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FG Offers New Savings Bond With 13.386, 14.386% Interest

By Nse Anthony-Uko (Sundiata Finance) – The Debt Management Office (DMO), said subscribers will get an interest rate of 13.386 per cent on the two-year savings bond and 14.386 per cent on the three-year savings bonds which opened on Monday on Monday The circular which was released on the office’s official website showed that the two-year bond will be due on ...

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DMO Raises N99bn Through Bonds As FAAC Allocation Eases Liquidity

By Nse Anthony-Uko (Sundiata Finance) – The Federal Government through the Debt Management Office last week raised N99.26 billion through bond auction even as interbank lending rates eased on inflow of funds from Federation Account Allocation Committee (FAAC) disbursements. There had been an inflow of N275.2 billion towards the end of last week, easing up the liquidity crunch in the ...

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Nigeria’s Maiden Sovereign Sukuk Debuts Next Week – DMO

By Nse Anthony-Uko ABUJA, (Sundiata Finance) — The Debt Management Office, DMO, on Wednesday, confirmed that arrangement has been concluded for the issuance of the first sovereign sukuk, otherwise known as Islamic Bond or non-interest bond, next week. The sovereign sukuk valued at N100 billion followed a successful issuance of first Diaspora Bond by the DMO in the United States ...

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DMO Targets N140bn FGN Bond, Raised N607m From Savings Bond

By Nse Anthony-Uko, (Sundiata Finance) – The Debt Management Office said it plans to raise N140 billion through an auction of Federal Government bonds even as it raised N607.26 million through the FGN Saving Bond auctioned earlier in the month. Auction result of the FGN Savings Bond showed that investors interest in the bond continues to wane as the amount ...

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FMDQ OTC Market Records N9.49trn Turnover In May

By Nse Anthony-Uko ABUJA, (Sundiata Finance) — FMDQ OTC Securities Exchange recorded a total transaction value of N9.49 trillion month of May, 2017. In the OTC Monthly for May released by the exchange showed that the total transaction grew by  7.32 per cent to N9.49 trillion from N8.79 trillion in April. The release stated that treasury bills’ transactions accounting for 40.73 ...

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UBA’s $500m Debut Eurobond Get 240% Oversubscribed

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The United Bank for Africa Plc (UBA) has successfully raised USD500 million, though a debut Eurobond, which was 240 per cent over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark ...

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