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Bond Yields Rise On Sell Pressure

Bond Yields Rise On Sell Pressure   The bond market was characterised by sustained sell-offs by investors last week thereby leading to a rise in yields in the market. For instance, FGN Eurobonds traded on the London Stock Exchange depreciated in value for all maturities tracked amid...

Bond Issuance: Lafarge Africa Shareholders Approve N100bn

Bond Issuance: Lafarge Africa Shareholders Approve N100bn   Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018. The proceeds of the bond would be used to refinance the company’s...

Wema Bank Plans N20bn Bond Deal By July

Wema Bank Plans N20bn Bond Deal By July     Wema Bank Plc plans to raise N20 billion from the bond market by July and aims to pay a dividend this year for the first time in a decade, paving the way for an equity sale next...