Dangote Cement Raises N150bn As Bond Offer   Dangote Cement Plc has raised a total N150 billion in its debut bond issuance in the nation’s capital market. The company had accessed the market with N100 billion Series 1 Fixed Rate Senior Unsecured Bonds due April 2025...

Dangote Cement To Raise N100bn In Fresh Bond   Dangote Cement Plc has said it is seeking to raise up to N100bn from the bond market under its N300bn Debt Issuance Programme. The company said the funds from the debut offering in the bond market would be...

January 2020 FGN Bond Auction Oversubscribed By Over 300%   The January 2020 FGN Bond Auction by Debt Management Office (DMO) which took place on Wednesday, January 22, 2020 was oversubscribed by more than 300%. The DMO offered N155.00 Billion of three (3) Instruments (5-Year, 10-Year and...

FGN Nov Bonds Oversubscribed By N102.35bn   The FGN bond auction by the Debt Management Office which took place on Wednesday was oversubscribed by N102.35bn. The DMO offered N150bn from three instruments (five-year, 10-year and 30-year bonds) for N50bn each, to investors at the auction. The total subscription...

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   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...