Bondholders in the Kaduna State N8.5bn 12.5 per cent coupon bond have approved plans to restructure it from bullet repayment to amoritising repayment of principal. They unanimously gave the approval at a bondholders’ sensitisation meeting held in Lagos on Friday, following a proposal by the Kaduna State Government, which is […]
Tag: Bond
UK visa: Nigerians begin payment of £3,000 bond Nov
OUTCRY against its £3,000 tourists visa bond notwithstanding, Britain will commence the scheme in the six listed Commonwealth countries in November, Financial Times report quoted the Home Office as saying. The Commonwealth countries to be affected by the policy which was announced in June are Nigeria, India, Kenya, Sri Lanka, […]
DMO to Raise $1.56 Billion in Three Months
Despite the lull in activities in the bond market, the Debt Management Office (DMO) plans to raise to raise between N140 billion ($870 million) and N250 billion ($1.56 billion) over the next three months, its issuance calendar for FGN bonds for Q3 2013, has revealed. When compared with the range […]
