Browsing: DMO

OMO Maturities Lift Liquidity, DMO Plans ₦114bn Bond Auction.

Investors Focus Shift to Bond Auction on Prospect of Neutral MPC Outcome…

Nigeria’s Debts Rise ₦19tn in 5-Year as FCY Loan Gulps ₦109bn in Q2
Gap between Nigeria’s Skyrocketing Debts, Infrastructure Bothers Nigerians
FG may run into difficulty servicing foreign debts
Actual external debt service payment April- June, 2020 printed ₦110 billion

Bond Market Investors Raise Position on Short-term Instruments. Amidst uncertainties in the economy, investors remained largely bullish in the bond market but with record interest in short-term instruments.

Nigeria’s 9% Foreign Currency Debt to GDP Remains Moderate -Fitch. Less Financing to Short-term financing Stress.External Reserve Projected to drop 40%. Low fiscal Revenue weakens Debt Sustainability

Investors Overbid for DMO’s First Bond Auction in Q3. The Debt Management Office (DMO) first quarter bond auction in the third quarter was oversubscribed 3.6 times by investors. As expected, Chapel Hill Denham said the first bond auction drew substantial bids from investors as subscription level re

Bond Auction: DMO Sets to Offer ₦130 Billion across Four Tenors The Nigeria’s Debt Management Office (DMO) is set to conduct first bond auction on Wednesday with ₦130 billion offer across four tenors.

Bond Auction: DMO Reduces Total Borrowing Plan for Q3:2020. The Debt Management Office, DMO, has indicated plan to lower borrowing target for the third quarter, (Q3:2020) as reflected in its bond auction calendar.

FGN Bonds: Bearish Sentiment Resurface as Average Yield Advances. Bearish

Official FX Rate Devaluation Raised Nigeria’s Debt to ₦28.6trn. The National Bureau of Statistics stated that total public debt portfolio of the Federal and State Governments as of March 31 stood at ₦28.63 trillion from ₦27.4 trillion in December, 2019.