Investors Bite

Bond yields crash by 15bps as DMO cuts Total Auction Size in Half

Culled—Proshare 13/3/2018/Zedcrest Capital *** Senate set to confirm CBN deputy governors ahead of MPC*** Bonds The Bond market witnessed a significant decline in yields in today’s session, as market players refreshed their offers significantly below their previous day levels on the back of the FGN bond offer circular released by […]

Bulls Resurfaces on Nigerian Bourse, as NSEASI Inch Up +0.04%

13/3/2018/Cordros Update EQUITIES The bulls resurfaced on the equities market, with the ASI inching higher by 0.04% to 43,073.42 points. The Month-to-Date loss dropped to 0.59%, while the Year-to-Date gain improved marginally to 12.63%.   The Insurance (+1.34%), Oil & Gas (+0.86%), and Industrial Goods (+0.68%) indices closed in the green, […]

Seplat Prices $350 Million 9.25% Senior Notes Due 2023

March 13, 2018/NSE Seplat today announced that it has priced its offering of $350 million in aggregate principal amount of 9.25% senior notes due 2023 (the “Notes”). The Notes will be issued by the Company and guaranteed by certain of its subsidiaries. The gross proceeds of the Notes will be […]