Bond | - Part 9

Nigeria: DMO comfortably raised US$350

Nigerian Debt Management Office held its latest monthly auction of FGN bonds on Wednesday and comfortably raised its target of N70bn (US$350m). The total bid of N186bn was the highest since July 2014 and a sharp increase on the previous month’s N116bn. Local institutional buying picked up on the positive momentum generated by the elections. The offshore community also made an appearance: some players may have re-entered the market, having seen the theory of a…

Nigeria Capital Market: Week Ended 17th April, 2015

Posted on by The Editorial Team

Nigerian Stock Market Weekly Summary and Outlook The NSE ASI added 20bps W-o-W as the index closed at 35,005.42pts. Market capitalization advanced N25.7bn to N11.9tn while YtD performance remained positive at 1.0% at the close of the week. On the contrary, activity level measured by volume traded retreated 45.3%% to 1.9bn units even as value traded declined 23.0% to N19.4bn. The Banking sector topped the sector advancers for the week, rising 1.5% due to rally…

Nigeria Capital Market: Week Ended 10th April, 2015

Posted on by The Editorial Team

Investors to Re-price Financial Assets… as 2015 Polls Close Out After the historic Presidential and National Assembly elections conducted a fortnight ago, Nigerians are gearing up for the Gubernatorial and State parliamentary elections scheduled to hold tomorrow, 11th April 2015. The Gubernatorial elections will be held in 29 states while the Parliamentary elections will hold in all the 36 states. In contrast to the public apprehension that preceded the March 28th elections, the generally peaceful…

Kenya sells $260 mln of 12-yr infrastructure bond at extended sale

Posted on by The Editorial Team

NAIROBI (Reuters) – Kenya’s central bank sold 24.02 billion shillings ($259.96 million) worth of a 12-year infrastructure bond in an extended sale in which it aimed to raise up to 25 billion shillings. The bond was first auctioned on March 25, when its weighted average yield rose slightly to 11.556 percent from 11.263 percent at a previous sale in October. At the extended sale on Wednesday all the bids for the bond were allotted at…

Nigeria to borrow N90billion in bonds

Posted on by The Editorial Team

Nigeria plans to raise 90 billion naira ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said on Tuesday.The debt office said it will auction 35 billion naira worth of the 5-year bond, 30 billion naira of the 10-year paper and 25 billion of the 20-year debt note, using the Dutch Auction System. The 5-year debt note is…

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