Category: Bond Market

FG Defends $2.5bn Eurobond’s Floating, sayings debt level will not be affected

The federal government through the Debt Management Office (DMO) has floated a $2.5 billion Eurobond, making the fifth issuance in the country’s history. In a statement by Salisu Na’inna Dambatta, director of information at the ministry of finance, said it will be divided into two notes with different maturity periods. “The notes comprise a $1.25 billion…

Stanbic IBTC Dollar, Money Market and Bond Funds lists on FMDQOTC Platform

The Stanbic IBTC Dollar, Money Market and Bond Funds (the SIAML Funds) a debt-capital instrument gets listing approval on the FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) platform. The SIAML Funds, which are open-ended Funds, are set to enable investors achieve competitive returns on their assets while safeguarding capital, by investing in low risk short-term securities,…

FMDQ Welcome the Listing of Stanbic IBTC Dollar, Money Market and Bond Funds on its Platform

As a debt-capital focused securities exchange, championing and supporting market-driven initiatives aimed at providing liquidity and facilitating growth and development in the Nigerian financial markets, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange), through its Board Listings, Markets and Technology Committee, admitted the listing of the Stanbic IBTC Dollar, Money Market and Bond Funds (the SIAML Funds) on…

FMDQ Records N142 Trillion Turnover; a year-on-year growth rate of 24.97 per cent from N113.65 trillion in 2016

Bola Onodele Managing Director FMDQThe FMDQ OTC Securities Exchange on Thursday February 1, 2018, released achievement transactions record of a N142 trillion total over-the-counter (OTC) market turnover in 2017. This indicated a year-on-year growth rate of 24.97 per cent from the N113.65 trillion recorded in 2016. According to the statement excerpt s from the FMDQ…