NIGERIAN EUROBONDS AUGUST 6, 2020: 101.796/2.844%, 5.625% $300M Jun 2022 – 101.916/4.547%, 6.375% $500M Jul 2023 – 103.922/4.916%, 7.625% $1.118BN Nov 2025 – 105.082/6.470%, 6.500% $1.50BN Nov 2027 – 96.975/7.035%, 7.143% $1.25BN FEB 2030 – 98.125/ 7.420%, 8.747% $1.0BN Jan 2031 – 106.225/7.861%, 7.875% $1.50BN Feb 2032 – 99.332/7.964%, 7.696% $1.25BN Feb 2038 – 95.750/8.155%, 7.625% $1.50BN Nov 2047 – 93.636/8.211%, 9.248% $750M Jan 2049 – 105.746/8.699%.
Updates
- CBN to unify exchange rates, pegs naira at 379/$
- Experts seek solution to forex challenge facing businesses
- Uncertainty over OPEC’s plan to raise supply in August
- Banks raise lending rates to 30%
- WTO General Council sets guidelines for DG’s selection
- Lawmakers raise the alarm over Chinese loans
- Experts advocate adoption of cloud computing for businesses
- LIRS announces additional reliefs for taxpayers
- Reps probe CBN over COVID-19 loans
- FG denies extension of service for retirees
Latest FGN Bonds Auction Results – 30 years tenor
- Updated: April 22, 2020
| Date of Auction | July 22, 2020 | July 22, 2020 | July 22, 2020 | July 22, 2020 |
| Tenor Maturity Date | 5 year 1/ 22/ 2026 | 15 Year 3/27/ 2035 | 25 Year 7/24/ 2045 | 30 Year 3/27/2050 |
| Amount Offered (N mn) | 25 billion | 35 billion | 35 billion | 35 billion |
| Subscriptions (N bn) | 137.65 | 123.56 | 123.56 | 283.95 |
| Total Bids (N mn) | 97 | 87 | 131 | 189 |
| Range of Bid Rates | 5.0000% – 11.5000% | 7.5000% – 12.0000% | 4.0000% – 12.6000% | 9.0000% – 11.5000% |
| Successful Bid Rates | 36 | 58 | 70 | 29 |
| Marginal Rate | 6.0000% |
9.5000%
|
9.8000% |
9.95000%
|
Source: www.cbn.gov.ng