Nigeria sells $2.5bn euro bonds to replace debt

By Remilekun Davies…  Nigeria sold a record $4.8 billion of Eurobonds last year, most recently in November, when it issued $3 billion of 10- and 30-year debt. Yields on the latter rose six basis points to 7.7 percent by close Thursday, the highest since they were issued. Nigeria’s local bonds have an average yield of […]

Nigeria sells longer term treasuries at higher yield to draw funds

Nigeria raised N252.88 billion ($827m) at a treasury bill auction on Wednesday as investors piled demand into the higher yielding one-year debt, traders said Thursday, according to Reuters. The central bank sold N177.22 billion of one-year debt at a rate of 13.7 percent. It auctioned N6.09 billion of three-month debt at 12 percent and N69.57 billion […]

Egypt sells $1.728bn in one-year dollar-denominated T-bonds auction

Egypt has sold 1.728 billion dollars in one-year dollar-denominated treasury bonds to local and foreign financial institutions in an auction, the Central Bank said Monday. The average yield for the bills, which mature on Nov. 20, 2018, was 3.496 percent. Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency […]

Apple sells debt to help fund $300bn capital return

Apple Inc. is selling bonds as the iPhone maker looks to fund stock buybacks and dividends. The company is selling fixed-rate bonds in as many as six parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, may yield around 1.125 percentage points more than Treasuries, […]

India bond yields rise to 6-month high as oil boosts CPI concern

India’s benchmark sovereign bond yields climbed to a six-month high, as rising Brent crude prices added to concern that inflation will accelerate, dampening bets of more interest-rate cuts. Oil has climbed for four straight weeks, raising worries for bond investors in India, which relies on imports for most of its energy needs. Ten-year notes fell […]

Nigeria’s FG sells N100bn sovereign sukuk at 16.7%

The Federal Government of Nigeria has begun the sale of its N100 billion debut sovereign Sukuk, the Debt Management Office (DMO), said Thursday. The offer circular, which was obtained from its website, said the seven-year Islamic Sukuk, referred to as Ijarah is at a rental rate of 16.74 percent and would be due in 2024. […]