Browsing: DMO

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.

Fiscal Deficit: FG Raised 67% of External Borrowing Plan – DMO. The Debt Management Office has told investors that the federal government has raised 67% of its external borrowing plan to finance its fiscal deficit for 2020.

Nigeria’s Headline Inflation Rate Rises to 12.40%. The Nigerian Bureau of Statistics (NBS) recent data shows that the consumer price index (CPI) which measures inflation increased by 12.40 % year-on-year in May 2020.

PMA: Demand for Low-risk Investment Options to Fuel Subscription. Analysts have said that increasing demand for low-risk investments option would support demand at the Federal Government bond auction on Wednesday.