FGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked

Must Read

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated further for most maturities tracked amid demand pressure.

Specifically, the 5-year, 14.50% FGN JUL 2021 paper, the 7-year, 13.53% FGN MAR 2025 note and the 20- year, 16.25% FGN APR 2037 bond appreciated by N0.07, N1.13 and N1.46 respectively; their corresponding yields fell further to 3.11% (from 3.37%), 5.67% (from 5.92%) and 9.91% (from 10.03%) respectively.

However, the 10-year, 16.29% FGN MAR 2027 debt moderated by N0.51 and its yield rose to 8.18%(from 8.12%).

Meanwhile, the value of FGN Eurobonds traded at the international capital market rose for all maturities tracked amid renewed demand pressure.

The 10-year, 6.75% JAN 28, 2021 bond, the 20-year, 7.69% FEB 23, 2038 paper and the 30-year, 7.62% NOV 28, 2047 debt gained USD0.14, USD0.55 and USD0.63 respectively; while their corresponding yields fell to 4.70% (from 5.02%), 8.84% (from 8.90%) and 8.79% (from 8.86%) respectively.

In the new week, Debt Management Office (DMO) will issue bonds worth N130 billion, viz: 12.50% FGN APR 2026 (10-Yr Re-opening) worth N25 billion, 12.50% FGN APR 2035 (15-Yr Re-opening) worth N35 billion, FGN JUL 2045(25-Yr New Issue) worth N35 billion and 12.98% FGN APR 2050 (30-Yr Re-opening) worth N35 billion respectively. We expect the bonds stop rates to moderate amid demand pressure.
- Advertisement -

COWRY RESEARCH

- Advertisement -
FGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand SpurFGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand SpurFGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand Spur

Latest News

Europa League: Arsenal in Tough Spot After Home Draw

UEFA Europa League quarter-finals return leg will be played on Thursday evening at 8 pm live on StarTimes. Aubameyang’s Arsenal...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -FGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand SpurFGN Bond Yields Collapse Below Double Digits for Most Maturities Tracked - Brand Spur