By Zedcrest Partners ltd FGN Bonds The Bond Market opened on a mixed note, with pockets of demand skewed on select maturities (2021s, 2027s & 2049s) following inflows of c.N65bn in FGN coupons credited today. Overall, yields on the benchmark curve expanded in anticipation of supply from the FGN Bond auction […]
By Daniel Anomietei/Mediacraft Following the registration of a N30 billion debt issuance programme (the “Programme”) with the Securities and Exchange Commission of Nigeria (“SEC”), Interswitch Limited (the “Sponsor” or “Interswitch”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has successfully concluded a N23 billion Series […]
By Zedcrest Partners ltd Bonds The Bond market opened the week on an active note, with bullish sentiments supported by investor demand following the CBN’s directive on OMO Bills as well as coupon payments of c.N41bn credited today. Yields dropped by an average of c.12bps across the benchmark yield curve, with the most […]
Zedcrest Partners Ltd Bonds The FGN Bond market continued on a quiet note for the second consecutive trading session. We noticed slightly improved offers from market participants across most securities but very little volumes passed. Yields consequently remained unchanged on the average across the benchmark yield curve. We maintain a cautious […]
By Zedcrest Capital ***Nigeria’s GDP slows to 1.94% in Q2 2019, as non-oil sector contracts*** Eurobonds The NGERIA Sovereigns weakened further, as a decline in oil prices from the trade war escalation and possible increase in output by the OPEC+ weighed on sentiments during the session. The NGERIA corps were the […]
By Financescape Nigeria’s Debt Management Office (DMO) on Tuesday, July 23, 2019, listed the second ₦100bn, Seven-Year, FGN Sukuk due to mature in 2025 on The Nigerian Stock Exchange. The FGN Sukuk is due to mature in 2025, and was raised at a rental rate of 15.743 percent, a 73 basis point discount […]
