News Ticker

HSBC Sells Largest Structured Note Linked to Nigerian Debt

HSBC Holdings Plc (HSBA) sold two structured notes tied to Nigerian government debt, including the largest credit-linked note referencing Africa’s most populous nation since at least 1999. The two 10-month securities, one for $33.5 ...

Nigeria sells N90b in bonds

Nigeria sold N90 billion ($572.70 million) worth of debt paper maturing in 2014, 2017 and 2022 at its regular auction on Wednesday, with mixed returns on the bonds, the Debt Management Office ...

Skye Bank raises US$100 mln in bonds

Skye Bank has raised $100 million in debt from a multilateral institution at a floating coupon rate of 6.3 percent for seven-years to boost its capital, its chief executive Kehinde Durosinmi-Etti said ...

Nigeria to issue N210b, N290b bonds in Q2

Nigeria plans to raise between N210 billion andN 290 billion ($1.33 billion – $1.84 billion) in sovereign bonds ranging between three and 10 years in the second quarter of the year, the ...

CBN sells N149.65bn T-bills, yields mixed

The Central Bank of Nigeria has sold N149.65bn ($953.00m) worth of treasury bills with yields on the 182-day and 364-day papers lower than the previous auction, while the 91-day yields rose slightly. ...

Ondo State Bond Oversubscribed by N 2.71 billion

After just one week, the Ondo State N 27 billion bond offering has been oversubscribed to the tune of N 2.1 billion. The governor of Ondo, Olusegun Mimiko, disclosed this yesterday in ...

Chellarams Raises N540m from Bond Issuance

Chellarams Plc last week raised N540 million through bond issuance meant to replace infrastructure and invest in its associated companies. The bond, which was approved by the Securities and & Exchange Commission ...

Central Bank to Auction N149 billion in T-Bills, DMO to sell N 70 billion Bonds

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has disclosed its readiness to auction N149.65 billion worth of treasury bills at its bi-monthly debt auction next week. N49.65bn in 91-day paper ...

NSE Lists N4.6bn Tower Aluminium Bond

The Nigerian Stock Exchange (NSE) last week listed N4.6 billion bonds floated by Tower Funding Plc on its daily Official list. The bonds, series one tranche A and series one tranche ...

FAAC’s N559bn injection pushes fixed income market to positive

The Nigerian bond market was full of activities last week, as traders hastened to take advantage of key decisions of the monetary policy committee meeting and the huge monthly in-flow from the ...