Monthly Archives: March 2018
Nigeria Fixed Income Weekly
The Week that was (March 19-23) Renewed CBN aggression drives front end rates higher: Given the expected rise in system liquidity (with OMO maturities of NGN151billion and FGN’s plan to only roll-over half of the planned NGN107billion in NTB maturities), the CBN stepped up OMO issuance to NGN248billion to prop interest rates. This net OMO […]
Ghana Fixed Income Weekly
The Week that was (March 12-16) GoG upsizes debt issue amid robust investor demand: Last week, the Government of Ghana (GoG) took advantage of robust subscription to raise GHS916million worth of debt – nearly double issuance in the prior week and above target of GHS757million. Demand was robust for the 3M and 2-year papers with […]
Nigeria Fixed Income Weekly
The Week that was (March 12-16) FG signals lower borrowings in Q2: On Monday, March 12 2018, the Central Bank of Nigeria (CBN) released the Q2 2018 Nigerian Treasury Bills (NTB) issuance calendar which showed a NGN482billion net redemption for the period entirely on the 1-year tenor. This is consistent with the refinancing plan, announced […]
eco215 