Ahead of Bond Auction – September 23rd 2020

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), will be conducting a primary market bond auction tomorrow Wednesday the 23rd of September 2020. The government is seeking to raise NGN150bn across four (4) instruments which are re-openings. Given our analysis of the current yield environment vis-à-vis our bond valuation models, we present below our advised bid rates.

Click on the link below to access the full report:

FGN Bond Auction September 2020


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