UK government bonds sold off by foreign investors amid Brexit fears
Businessam Staff
September 7, 2018
Bank of England data released on Thursday showed that £17.2 billion in foreigners’ holdings in July dropped, the largest since records began in 1982, and up sharply from net sales of 1.362 billion pounds in June amid Brexit fears. Although foreign buyers have snapped up some £55 billion in gilts since the referendum in 2016, […]
Investors bet on Nigeria’s 10-year bond
Adesola AfolabiJuly 26, 2018
Following the capital raise of N66.9 billion at the July 2018 FGN Bond, the Debt Management Office (DMO) has disclosed that investors showed a strong preference for the 10-year bond. “Investors showed a strong preference for the 10-year bond with a total subscription of N50.51 billion, compared to the N40 billion that was offered,” the […]
Nigeria’s NASD over-the-counter bonds transactions hit N12.1bn in 2017
Adesola AfolabiJuly 18, 2018
Nigeria’s NASD over-the-counter (OTC) securities exchange-traded bonds transactions expanded to N12.08 billion in the 2017, according to Olutola Mobolurin, the company’s chairman. Mobolurin, who disclosed this at the company’s annual general meeting Tuesday, said the NASD admitted five new securities to close the year with 34 securities representing a 3.13 percent increase in the number […]
Expectations of declines in yields to buoy fixed income market
Businessam StaffMay 14, 2018
Market analysts say they expect a decline in treasury bills yields to boost the fixed income market this week, noting that investor appetite for longer-tenured instruments to dictate performance. System liquidity squeeze had forced bearish performance across different segments of the money market last week as market rates – Open buyback (OBB) and overnight (ON) […]
AfDB launches $2.0bn 3-year global benchmark bond at 2.625% fixed rate
Businessam StaffMarch 16, 2018
The African Development Bank (AfDB) has launched a $2.0-billion 3-year global benchmark bond at 2.625 percent fixed rate due March 22, 2021. According to a statement, the bond issue represents the Bank’s first public market deal in 2018 after a $2.0-billion 5-year global benchmark bond priced in November 2017 and is in line with its […]
FG offers savings bonds at 10.7%, 11.7 % in March
Ajose SehindemiMarch 5, 2018
The Federal Government on Monday offered for a subscription a two-year savings bond at 10.74 percent and three-year savings bond at 11.74 percent. According to a posting by the Debt Management Office (DMO), the two year savings bonds will be due in March 2020. DMO said the three-year savings bond would be due in March […]
Nigeria bond auction raises N80bn, 20% less amount on offer
Kayode OgunwaleFebruary 22, 2018
Nigeria raised N79.62 billion ($260.20 million) at an auction of government bonds Wednesday, which is less than it originally planned after it got fewer subscriptions for the most liquid five-year debt, traders said on Thursday. The Debt Management Office (DMO) specifically sold N27.18 billion in five-year bonds at 13.70 percent and N52.44 billion in 10-year […]