Beruflich Dokumente
Kultur Dokumente
17-Dec-13
The FMDQ Daily Quotations List (DQL) comprises market and model prices/rates of foreign exchange ($/N), fixed income securities and instruments in the OTC market. The use of this report is
subject to the FMDQ OTC PLC Terms of Use and Disclaimer Statement.
Bonds
FGN Bonds
Rating/Agency
NA
Price
Issuer
FGN
ISIN
NGF201300288
NGFG8B2014S0
NGF201400328
NGF201400377
NGF201400427
NGFG7B2015S9
NGFG102016S6
NGFG9B2017S1
NGF201700396
NGF201700404
NGF201800477
NGFG9B2019S7
NGFG6B2019S3
NGFG9B2022S1
NGF202800500
NGFG6B2029S2
NGFG6B2029B8
NGFG7B2030S8
Issue
Date
24-Dec-06
18-Mar-11
31-Mar-07
29-Jun-07
28-Sep-07
23-Apr-10
16-Aug-13
27-Apr-12
27-Jul-07
31-Aug-07
30-May-08
29-Jun-12
23-Oct-09
27-Jan-12
28-Nov-08
22-May-09
20-Nov-09
23-Jul-10
Description
Issue Value
(N'bn)
Coupon (%)
TTM (Yrs)
Yield (%)
Bid
Offer
11.99 24-DEC-2013
10.50 18-MAR-2014
10.75 31-MAR-2014
9.20 29-JUN-2014
9.25 28-SEP-2014
4.00 23-APR-2015
13.05 16-AUG-2016
15.10 27-APR-2017
9.85 27-JUL-2017
9.35 31-AUG-2017
10.70 30-MAY-2018
16.00 29-JUN-2019
7.00 23-OCT-2019
16.39 27-JAN-2022
15.00 28-NOV-2028
12.49 22-MAY-2029
8.50 20-NOV-2029
10.00 23-JUL-2030
10.00
320.00
35.00
45.00
100.00
535.00
160.47
455.29
20.00
100.00
302.22
351.30
233.90
593.91
75.00
150.00
200.00
501.57
11.99
10.50
10.75
9.20
9.25
4.00
13.05
15.10
9.85
9.35
10.70
16.00
7.00
16.39
15.00
12.49
8.50
10.00
0.02
0.25
0.29
0.53
0.78
1.35
2.67
3.36
3.61
3.71
4.45
5.53
5.85
8.12
14.95
15.43
15.93
16.61
12.93
12.39
12.31
11.85
12.03
13.14
12.96
12.83
12.91
12.91
12.93
12.97
12.96
13.02
13.15
13.16
13.17
13.19
99.47
98.96
98.99
98.16
97.45
88.87
100.01
105.69
91.06
89.44
92.32
111.38
75.74
116.23
111.62
95.27
68.86
78.41
99.97
99.46
99.49
98.66
97.95
89.02
100.16
105.99
91.36
89.74
92.62
111.68
76.04
116.53
111.92
95.57
69.16
78.71
Issue Value
(N'bn)
Coupon (%)
Avg. Life/TTM
(Yrs)
1,699.43
0.00
0.04
1.50
14.39
98.96
1,001.77
88.81
0.00
0.00
0.64
0.91
1.50
1.50
13.43
13.63
91.47
88.17
2,886.67
0.00
0.87
1.50
13.60
88.68
24.56
6.00
112.22
116.70
66.49
0.00
17.25
0.00
0.00
0.00
1.44
3.29
2.98
3.34
3.55
1.50
1.50
1.50
1.50
1.50
14.07
14.40
14.40
14.40
14.41
82.11
106.89
89.49
79.89
83.11
Rating/Agency
Issuer
4,188.66
ISIN
Issue Date
Description
Indicative
Price
Agency Bonds
AMCON
NA
FMBN
LCR
NGAMCONS1T13
NGAMCONS1T21
NGAMCONS1T39
NGAMCONS2T12
NGAMCONS3T11
NGAMCONS4T10
NGAMCONS5T19
NGFMB2015S30
NGFMB2017S20
NGLCR2016S19
NGLCR2017S26
NGLCR2017S34
31-Dec-10
06-Apr-11
06-Apr-11
08-Aug-11
15-Nov-11
14-Oct-11
28-Dec-11
24-May-10
03-Apr-12
09-Dec-11
20-Apr-12
06-Jul-12
6,002.65
Page 1
Rating/Agency
Issuer
ISIN
Issue Date
Description
Issue Value
(N'bn)
Coupon (%)
Avg. Life/TTM
(Yrs)
Indicative
Price
Sub-National Bonds
A+/Agusto; A+/GCR
LAGOS I
NG2013S1LSB6
09-Feb-09
50.00
13.00
0.14
2.45
15.09
99.60
A/Agusto
KWARA
NGKWB2014S16
05-Aug-09
17.00
14.00
0.63
2.75
14.67
99.56
A-/GCR
*NIGER I
NGNRB2014S02
15-Oct-09
6.00
14.00
0.83
2.95
15.02
99.28
A+/Agusto
KADUNA
NGKDB2015S18
31-Aug-10
8.50
12.50
1.71
2.65
15.45
95.67
A/Agusto
*EBONYI
NGEBB2015S18
30-Sep-10
16.50
13.00
1.50
2.75
15.37
96.52
Nil
*BENUE
NGBNB2016S08
30-Jun-11
13.00
14.00
2.17
3.88
16.90
94.44
A+/Agusto
*IMO
NGIMB2016S10
30-Jun-09
18.50
15.50
2.17
2.65
15.67
99.91
A+/Agusto; A+/GCR
LAGOS II
NG2017S2LSB0
19-Apr-10
57.50
10.00
3.34
2.45
15.35
86.37
A-/Agusto
*BAYELSA
NGBAB2017S02
30-Jun-10
50.00
13.75
2.83
2.75
15.67
95.22
A/Agusto
EDO
NGEDB2017S06
31-Dec-10
25.00
14.00
4.04
2.75
15.67
95.12
A+/Agusto; A+/GCR
*DELTA
NGDEL2018S11
30-Sep-11
50.00
14.00
3.50
2.45
15.36
95.84
A-/Agusto; A-/GCR
*NIGER II
NGNIG2018S12
04-Oct-11
9.00
14.00
3.50
2.95
15.86
94.24
A/Agusto; A-/GCR
*EKITI
NGEKI2018S17
09-Dec-11
20.00
14.50
3.83
2.85
15.76
96.16
A/Agusto; A-/GCR
*ONDO
NGODB2019S10
14-Feb-12
27.00
15.50
4.83
2.85
15.79
99.50
A/Agusto; A-/GCR
*GOMBE
NGGMB2019S19
02-Oct-12
20.00
15.50
4.17
2.85
15.77
99.41
AA-/Agusto; AA-/GCR
LAGOS III
NGLAB2019S16
21-Nov-12
80.00
14.50
5.93
2.10
15.07
97.79
A/Agusto; A-/GCR
A+/Agusto; AA/GCR
*OSUN
LAGOS IV
NGOSB2019S14
N/A
12-Dec-12
27-Nov-20
30.00
87.50
14.75
4.83
2.85
15.79
96.59
13.50
6.94
2.10
15.10
93.24
585.50
Corporate Bonds
A+/Agusto; AA/GCR
LAFARGE WAPCO
NGLCWAPBDS15
07-Oct-11
11.80
11.50
0.81
2.55
14.60
97.67
AA/Agusto
GTBANK
NGGTB2014S17
18-Dec-09
13.17
13.50
1.00
2.45
14.65
98.96
Nil
NGNIGGERMAN3
31-Dec-09
2.00
17.00
1.04
10.61
22.84
96.98
BBB+/Agusto
*UPDC
NGUPDCBNDS12
17-Aug-10
15.00
10.00
2.83
2.95
15.87
91.86
A-/Agusto
*FLOURMILLS
NGFMILLBDS10
09-Dec-10
37.50
12.00
2.83
2.65
15.57
94.38
BBB-/GCR
*CHELLARAMS I
NGCRAMSBDS18
06-Jan-11
1.50
14.00
1.83
3.88
16.78
95.52
A+/Agusto; A-/GCR
NAHCO
NGNAHCOBDS13
29-Sep-11
2.15
13.00
2.78
2.80
15.73
93.97
A+/GCR
UBA I
NGUBA2017S17
30-Sep-10
20.00
13.00
3.79
2.65
15.56
92.81
BBB-/GCR
*C&I LEASING
NGCIB2017S11
30-Nov-12
0.94
18.00
3.17
2.65
15.55
107.47
BB+/GCR
*DANA GROUP#
NGDANABNDS10
09-Apr-11
8.01
16.00
4.50
5.40
18.33
93.31
NGTOWERS1TA3
09-Sep-11
3.63
18.00
4.17
2.95
15.87
106.95
A-/GCR
AA-/GCR
NGTOWERS1TB1
09-Sep-11
1.00
16.00
4.17
2.50
15.42
101.95
A/Agusto;A/GCR
UBA II
NGUBA2018S24
22-Sep-11
35.00
14.00
4.76
2.65
15.58
94.75
BBB-/GCR
*CHELLARAMS II#
NGCRAMSBDS26
17-Feb-12
0.54
17.00
4.83
4.15
17.09
99.79
10.20
4.15
1.50
14.42
87.11
152.24
Supranational Bond
AAA/S&P
IFC
NGIFC2018S08
4131600.00%
12.00
12.00
Page 2
Rating/Agency
Issuer
ISIN
Issue Value
($mm)
Description
Issue Date
Coupon
(%)
Bid Price
FGN Eurobonds
Offer Price
Offer Yield
(%)
BB-/Fitch; B+/S&P
BB-/Fitch;
BB-/S&P
FGN
BB-/Fitch;
BB-/S&P
XSO584435142
28-Jan-11
500.00
6.75
108.01
5.38
109.07
5.21
XSO944707651
12-Jul-13
500.00
5.13
102.54
4.50
103.32
4.32
XS0944707222
12-Jul-13
500.00
6.38
103.29
5.92
104.32
5.78
1,500.00
Corporate Eurobonds
Afren PLC I
USG01283AD52
01-Feb-11
450.00
11.50
114.35
4.32
116.05
3.55
GTBank PLC I
XS0628652884
19-May-11
500.00
7.50
104.76
5.37
106.27
4.72
GTBank PLC II
XS0992162635
08-Nov-13
400.00
6.00
98.51
6.36
99.40
6.14
B+/S&P
XS0807677496
25-Jul-12
350.00
7.25
99.55
7.39
101.11
6.89
B/S&P; B/Fitch
XS0928527257
09-May-13
300.00
6.88
93.48
8.69
95.42
8.14
B/Fitch
Afren PLC II
USG01283AF01
08-Apr-12
300.00
10.25
115.23
6.78
116.51
6.51
B/S&P; B-/Fitch
FirstBank PLC
XS0957590689
07-Aug-13
300.00
8.25
102.55
7.51
103.71
7.29
B+/S&P; B+/Fitch
USG01283AG83
09-Dec-13
360.00
6.63
100.03
6.62
100.77
6.49
B-/S&P; B/Fitch
B+/S&P; B+/Fitch
2,960.00
Treasury Bills**
DTM
16
23
30
37
44
51
58
65
72
79
86
93
100
107
114
121
128
142
156
170
233
261
352
FIXINGS
Maturities
2-Jan-14
9-Jan-14
16-Jan-14
23-Jan-14
30-Jan-14
6-Feb-14
13-Feb-14
20-Feb-14
27-Feb-14
6-Mar-14
13-Mar-14
20-Mar-14
27-Mar-14
3-Apr-14
10-Apr-14
17-Apr-14
24-Apr-14
8-May-14
22-May-14
5-Jun-14
7-Aug-14
4-Sep-14
4-Dec-14
Bid
11.56
11.63
11.62
11.67
11.62
11.53
11.78
11.76
11.89
11.80
11.93
11.91
12.12
12.17
12.18
12.18
12.18
12.10
12.03
11.30
11.83
11.78
11.43
Offer
11.31
11.38
11.37
11.42
11.37
11.28
11.53
11.51
11.64
11.55
11.68
11.66
11.87
11.92
11.93
11.93
11.93
11.85
11.78
11.05
11.58
11.53
11.18
Yield (%)
11.62
11.72
11.73
11.80
11.78
11.72
12.00
12.00
12.17
12.10
12.26
12.27
12.52
12.61
12.65
12.69
12.71
12.68
12.67
11.91
12.77
12.83
12.80
Money Market
NIBOR
Tenor
CALL
7 DAYS
30 DAYS
60 DAYS
90 DAYS
180 DAYS
365 DAYS
Rate (%)
10.8333
11.0833
11.3333
11.5833
11.8333
12.1667
12.4583
Tenor
Rate (%)
OBB
10.38
O/N
10.63
REPO
Tenor
Call
1M
3M
6M
Rate (%)
10.50
11.33
12.42
13.08
Bid ($/N)
Offer ($/N)
Spot
7D
14D
1M
2M
3M
6M
1Y
158.96
159.52
159.78
160.39
161.57
163.03
166.82
174.72
159.06
159.78
160.15
161.02
162.65
165.18
169.98
180.83
NITTY
Tenor
1M
2M
3M
6M
9M
12M
Rate (%)
11.7260
11.9326
12.3854
12.6721
12.7495
13.3793
NIFEX
Current Price ($/N)
BID($/N)
158.9075
OFFER ($/N)
159.0075
NOTE:
:Benchmarks
* :Amortising Bond
:Convertible Bond
AMCON: Asset Management Corporation of Nigeria
FGN: Federal Government of Nigeria
FMBN: Federal Mortgage Bank of Nigeria
IFC: International Finance Corporation
LCRM: Local Contractors Receivables Management
NAHCO: Nigerian Avaition Handling Company
NGC: Nigeria-German Company
UBA: United Bank for Africa
UPDC: UAC Property Development Company
WAPCO:West Africa Portland Cement Company
NA :Not Applicable
# :Floating Rate Bond
*from the Amortising bonds, the average life is calculated and not the duration
#
Porfolio Market
Value(Bn)
Total Outstanding
Volume(Bn)
Weighting by
Outstanding Vol
Bucket Weighting
<2
2<3
3<5
5<10
Market
475.45
1,105.69
1,618.10
783.83
3,983.08
535.00
1,090.29
1,551.13
960.00
4,136.42
12.93
26.36
37.50
23.21
100.00
11.94
27.76
40.62
19.68
100.00
12.93
26.36
37.50
23.21
100.00
* The FMDQ FGN Bond Index is indicative until January 2nd, 2014
Page 3
Weighted Mod
Duration (intrabucket)
Weighted Mod
Duration (interbucket)
% Exposure
Mod Duration
% Exposure
Mac Duration
Implied Yield
Implied
Portfolio
Price
INDEX
1.24
2.37
4.01
6.66
0.16
0.62
1.50
1.55
3.83
4.17
16.28
39.21
40.35
100.00
4.17
16.27
39.19
40.37
100.00
13.27
12.98
13.04
13.23
13.12
91.47
111.86
120.79
89.10
107.29
900.81
944.81
1,096.66
973.84
1,061.78