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Bond Markets
SEC to issue green bond rules soon
Nigeria’s securities and Exchange Commission is soon to issue rules for green bonds by a non-sovereign organization according to industry sources.
Green bonds are fixed income, liquid…
How Fidelity Bank boosts savings with promo scheme
The savings deposit base of Fidelity Bank plc has been enhanced since it began the promo draw initiative called “Get Alart in Millions”, aimed at encouraging savings culture and promoting…
Updated: Nigeria finds succour in Sukkuk as high yields frustrate fund raising moves
Unabated demand for high yields by investors in Nigerian treasury bills and bonds might have pushed Nigeria’s government to resort to raising needed funds through sukkuk bond issuance as the…
FG to raise N105bn in local currency bonds
The federal government plans to raise N105 billion ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15, the debt Management Office said on…
Nigeria to meet investors next week ahead of possible bond sale – sources
Nigeria will hold a non-deal roadshow in London next week, government sources said on Wednesday, as Africa's biggest economy explores fund-raising options to finance a record budget deficit…
Nigeria bond yields fall as traders buy debt after FX shift
Yields on Nigeria's government bond fell across maturities on Wednesday as traders bought debt to cover their positions, a day after the central bank kept interest rates on hold but pledged…
Nigeria looks to sukuk for infrastructure funding needs
Nigeria hopes to use a proposed Islamic bonds issuance programme to help fund big infrastructure needs in Africa's biggest economy, aiming to tie the transaction to one of several projects,…
Kenyan Yields Slip Below Nigeria’s as Fortunes Diverge: Chart
Kenya’s average local bond yields have fallen below Nigeria’s for the first time since early October.
Kenyan shilling yields were 464 basis points higher than naira yields as recently as…
Lagos completes restructuring of N167.5bn Bond series
The Lagos state government today said it had successfully completed the restructuring of its N167.5billion Programme II, Series 1 and 2 Bonds.
In a statement signed by the State…
Nigeria considers panda bonds to help plug record budget gap
Nigeria may become only the second nation after South Korea to sell yuan-denominated debt in China’s domestic market as it seeks to cut borrowing costs while plugging a record record budget…