Tag Archives: Bonds

MTN invests N121.5 billion in treasury bills, bonds, foreign currency deposits

Nigeria’s largest telecommunications company, MTN Nigeria has invested a whopping N121.5 billion in bonds, treasury bills and foreign currency deposits in 2020. This compares to just N9 billion in 2019 suggesting the GSM giant had challenges deploying the capital raised during the year. MTN raised N143.96 billion in several syndicated facilities during the year which was to be utilized for ...

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FG offers savings bonds at 10.7%, 11.7 % in March

The Federal Government on Monday offered for subscription a two-year savings bond at 10.74 per cent and three-year savings bond at 11.74 per cent. According to the Debt Management Office (DMO) website, the two-year savings bonds would be due in March 2020. It said the three-year savings bond would be due in March 2021. The Debt office, however, did not ...

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FG first 2018 bond auction oversubscribed by 136%

Latest information from the Debt Management Office (DMO) has shown that the federal government’s first bond offer for the year – 2018 was oversubscribed by a total of N150 billion, a subscription rate of 136 per cent. The subscription level was higher for the 10-year benchmark bond, which indicates investors’ preference for longer dated instruments in Nigeria. The Debt Management ...

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Nigeria floats $3bn dual-tranche bond

The Federal Government on Monday announced that it had floated a $3 billion dual-tranche bond. It said that the pricing of the $1.5 billion 10-year and $1.5 billion 30-year notes were under its Global Medium Term Note programme

. The Federal Government said that it had priced the offering of the $3 billion aggregate principal amount of dual series notes under ...

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