Category: Bond Market

US OFFICE OF TECHNICAL ASSISTANCE COMMENDS NDIC

L-R: Regional Adviser of US Treasury, Mr Philip Morris; Executive Director Corporate Services, Nigeria Deposit Insurance Corporation (NDIC), Hon. (Mrs) Omolola Abiola-Edewor; MD/CEO, NDIC, Umaru Ibrahim FCIB, mni and Senior Advisor, Office of Technical Assistance (OTA) US Department of Treasury, Mr. William Thomas, during a capacity visit to the Corporation The Office of Technical Assistance (OTA) of…

FG received N80bn through bond auction

 The federal government on Wednesday, raised N79.62 billion at an auction of government bonds 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) initially targeted to raise N100 billion. It got subscriptions of N117.58 billion, more than half skewed…

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,…