BY TEMITOPE ADEBAYO Nigeria’s Eurobond yields have risen above 10 per cent, driven by persistent selloffs in the international capital markets. Investors have been offloading their holdings in anticipation of an upcoming U.S. Federal Reserve rate cut, leading to increased risk aversion across both short and long-term bonds. This surge in bond yields reflects broader […]
Temitope Adebayo Experts at S & P Global Ratings have affirmed Access Bank Plc rating at stable outlook over the financial institution proposed plan to merge with Diamond Bank Plc come April 1, 2019. The merger between Access Bank and Diamond Bank became effective on March 19, 2019, on receipt of shareholders, Central Bank of […]
…Advisory group to get N374.6m service fee …Explains why Akwa Ibom, Rivers, Imo yet to get Paris Club Refund The Federal Government has approved the issuance of $2.9 billion and other securities in Eurobonds from the international capital market. The approval was given on Wednesday at the Federal Executive Council (FEC) meeting at the Aso […]
.Drops Lufthansa as adviser on national carrier establishment .Okays N483m for Immigration vehicles, painting The Federal Government has announced the reappointment of a consortium of banks including Citi Group, Standard Chartered, StanbicIBTC, Whitten-Case and African Practice to handle the $2.5 billion Eurobond – External Borrowing for refinancing of the deficit component of the 2018 Budget. […]
AS the Federal Government continues to crowd out corporate reorganizations from the money market with high interest on treasury bills, OMO, bonds and other financial instruments, debts servicing costs continues to soar, while productivity diminishes. A report released on Friday, 22 December, 2017, which showed that 8 million jobs were lost in Nigeria in 12 […]
Till date, Nigeria has raised a total of $3 billion from the Eurobond issuance, and Nigerians have been raising questions on why the forex denominated bond was raised as well as its impact on the overall economy and the populace. Nigeria’s finance minister, Mrs. Kemi Adeosun, in this interview provided answer to salient issues and […]
Access Bank Plc has announced the final redemption of the $350million Eurobond Notes due July 25, 2017. The Securities were issued in 2012 by Access Finance B.V. a direct, wholly owned subsidiary of the Bank on the back of an unconditional and irrevocable guarantee of the Bank. In October 2016, holders of $113 Million of […]
The Federal government of Nigeria through its Debt Management Office on Wednesday announced its plan to target retail investors with a new savings bond that will go on sale this month. The debt office said the bonds will be offered in Two- and three-year maturities, with interest paid quarterly. The interest rate has yet to […]
The Nigerian Stock Exchange (“NSE” or “The Exchange”) will on Thursday 2nd March 2017 list of $1 billion Federal Government (FGN) Eurobond issued under Nigeria’s newly established Global Medium Term Note programme. This 15-year domestic Sovereign Eurobond priced at par and at a coupon of 7.875 per cent per annum is the first foreign currency […]