Tag Archives: DMO

NSE Lists FGN $300m Diaspora Bond, $3bn Eurobonds On Platform

FG restates commitment to reduce cost of debt By Nse Anthony-Uko (Sundiata Post) – The Nigerian Stock Exchange (NSE) has admitted the FGN 30 year $1.5 billion Euro Bond, FGN 10 year $1.5 billion Euro Bond and FGN five year $300 million Diaspora Bond on its daily official list of the Exchange. Also, the Debt Management Office (DMO) stated that ...

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FG Issues Last Savings Bond For 2017

By Nse Anthony-Uko ABUJA, (Sundiata Finance) — The federal government savings bonds which debuted in March, 2017 has opened its last leg of subscription for this year which will close December 8, 2017. This subscription comes up once every month and it has traded in the past eight months with a total of N6.694 billion been raised so far. The ...

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Nigeria N100bn Sukuk Finally Debut September 18

As FG Launches Pre-offer Roadshow By Nse Anthony-Uko (Sundiata Finance) – Nigeria will finally make its N100 billion Sukuk bond debut on September 18, 2017, to enable it raise money for infrastructure funding, Debt Management Office (DMO) officials confirmed on Wednesday. The debut Sovereign Sukuk is for N100 billion with a tenor of seven years, and has been certified as ...

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Nigeria Bond Sale Wobbles Over Low Yield Say Traders

(Sundiata Finance) – Nigeria raised N56.05 billion ($179 million) in a bond auction on Wednesday, less than half the amount on offer as domestic pension funds and insurance firms cut orders due to low yields, traders said on Thursday. The Debt Management Office (DMO) offered N135 billion worth of bonds maturing in 2021, 2027 and 2037, but investors shunned the ...

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Plans N135bn Bond Auction By Nse Anthony-Uko (Sundiata Post) — The Debt Management Office has over the past five months raised N5.15 billion through the Federal Government of Nigeria Savings Bond which it launched in March this year, even as it sets out to raise N135 billion through the FGN Bonds this month. In an offer circular on Tuesday, the ...

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FG Offers Savings Bonds At 13.535%, 14.535% Returns

Opens for subscription Monday By Nse Anthony-Uko (Sundiata Finance) – The Federal Government has opened  for subscription the two-year and three-year Savings Bonds to investors at 13.535 per cent and 14.535 per cent, respectively from Monday, August 7 to Friday, August 11, 2017. Debt Management Office (DMO), in a statement from the said the two-year bond will be due in ...

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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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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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