Search

Nigeria Offers Two- and Three-Year Bonds at Lower Yields

Allen Dreyfus
  • Two-year bonds issued at 16.635%, three-year at 18.635%, reflecting easing inflation expectations
  • Debt sale closes on March 7, with interest payments starting June 12

Abuja, Nigeria – Nigeria offered two- and three-year bonds for sale on Monday at lower yields of 16.635% and 18.635%, respectively, compared with the previous auction, reflecting a shift in market sentiment following the central bank’s decision to pause interest rate hikes.

You need an active subscription to continue reading this article.

Recent Business

edouard-tamba-bZnciM7XIYw-unsplash
Cameroon targets CFA 45bn capital outflow with new reinsurance reform bill
Read More »
Allen dreyfus Logo
IMF unlocks $32.8m for Burkina Faso as insecurity rattles mining sector
Read More »
yanick-folly-kWPNxQyAT6M-unsplash
Benin caps uptake in record bond auction to curb debt costs
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights