FG to auction N150bn February bonds

TSL SPV Plc N12bn bond listed on NSE

FG to auction N150bn February bonds   The Debt Management Office (DMO) has said the Federal Government will auction N150 billion worth of bonds by subscription on February 17. A circular by the DMO on Thursday showed that a N50 billion 10-year reopening bond maturing in March 2027 would be offered at 16.288 per cent; another N50 billion 15-year reopening bond maturing in March 2035 would be auctioned at 12.5 per cent. It will also offer the longest of them which is a N50 billion 25-year reopening bond maturing in…

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BUA Cement to dual-list N115bn Series 1 corporate bond

BUA Cement to dual-list N115bn Series 1 corporate bond

BUA Cement to dual-list N115bn Series 1 corporate bond   BUA Cement PLC, one of Africa’s largest cement companies, has announced that it has successfully concluded its N115billion Series 1 Fixed Rate Senior Unsecured Bond Issue under its maiden N200 billion Bond Issuance Programme. With this development, BUA Cement’s Series 1 Bond becomes the largest ever Corporate Bond issued in the Nigerian Debt Capital Markets and signposts growing investor confidence in Nigeria’s second largest cement company. According to the company, an application will be made to dual-list the Bonds on the Nigerian…

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FG September bonds oversubscribed by 148% as investors stake N360.22bn

The Debt Managemy Office (DMO) has disclosed that the federal government’s bonds for the month of September worth N145 billion have enjoyed over 148 per oversubscription as they were auctioned on Wednesday. Specifically, the DMO indicated that the bonds were oversubscribed by N215.22 billion, as the total subscription received from investors for the bonds was N360.22 billion. These comprised of N83.83 billion for 12.5 per cent FGN January 2026 bonds; N71.4 billion for 12.5 FGN March 2035 bonds; N41.06 billion for 9.8 per cent FGN July 2045 bonds; and N163.93…

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