12-Nov-13
The FMDQ Daily Quotation List (DQL) comprises market and model prices/rates of foreign exchange ($/N) and fixed income securities and instruments in the OTC market.
Bonds
FGN Bonds
Price
ISIN
Rating/Agency
NA
Description
NGF201300270
NGF201300494
NGF201300288
NGFG8B2014S0
NGF201400328
NGF201400377
NGF201400427
NGFG7B2015S9**
NGFG102016S6**
NGFG9B2017S1**
NGF201700396
NGF201700404
NGF201800477
NGFG9B2019S7**
NGFG6B2019S3
NGFG9B2022S1**
NGF202800500
NGFG6B2029S2
NGFG6B2029B8
NGFG7B2030S8**
Issuer
Issue
Date
Maturity Date
Coupon (%)
TTM (Yrs)
Yield (%)
Bid
Offer
10.00
200.00
10.00
320.00
35.00
45.00
100.00
535.00
85.47
455.29
20.00
100.00
302.22
351.30
233.90
593.91
75.00
150.00
200.00
436.57
24-Nov-06
28-Nov-08
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
24-Nov-13
28-Nov-13
24-Dec-13
18-Mar-14
31-Mar-14
29-Jun-14
28-Sep-14
23-Apr-15
16-Aug-16
27-Apr-17
27-Jul-17
31-Aug-17
30-May-18
29-Jun-19
23-Oct-19
27-Jan-22
28-Nov-28
22-May-29
20-Nov-29
23-Jul-30
10.98
10.50
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
0.03
0.04
0.12
0.35
0.39
0.63
0.88
1.44
2.76
3.46
3.71
3.80
4.55
5.63
5.95
8.21
15.04
15.53
16.02
16.70
11.45
11.46
11.56
11.89
11.94
12.22
12.48
12.85
12.52
12.45
12.51
12.51
12.52
12.56
12.56
12.61
12.81
12.83
12.84
12.86
99.47
99.43
99.49
98.97
99.01
97.70
96.87
88.50
101.00
106.95
91.97
90.34
93.52
113.25
76.89
118.60
114.11
97.44
70.49
80.19
99.97
99.93
99.99
99.47
99.51
98.20
97.37
88.65
101.15
107.25
92.27
90.64
93.82
113.55
77.19
118.90
114.41
97.74
70.79
80.49
Issue Vol.
(N'bn)
Maturity Date
Coupon (%)
Avg. Life/TTM
(Yrs)
LRP
(%)
CRP
(%)
Valuation
Yield (%)
Indicative
Price
1,164.95
17.62
516.86
1,001.77
88.81
1,908.32
978.35
24.56
6.00
112.22
116.70
66.49
31-Dec-13
31-Dec-13
31-Dec-13
8-Aug-14
15-Nov-14
31-Oct-14
31-Oct-14
24-May-15
3-Apr-17
9-Dec-16
20-Apr-17
6-Jul-17
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
17.25
0.00
0.00
0.00
0.14
0.14
0.14
0.74
1.01
0.97
0.97
1.53
3.39
3.08
3.44
3.65
1.50
1.90
1.50
1.50
1.50
1.50
1.50
1.90
1.90
1.50
1.50
1.60
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13.09
13.49
13.09
13.83
14.10
14.07
14.07
14.56
14.40
14.00
14.00
14.11
97.79
97.74
97.79
90.09
87.02
87.18
87.18
80.47
107.08
83.26
74.69
77.63
9-Feb-14
5-Aug-14
15-Oct-14
31-Aug-15
30-Sep-15
30-Jun-16
30-Jun-16
19-Apr-17
30-Jun-17
31-Dec-17
30-Sep-18
4-Oct-18
9-Dec-18
14-Feb-19
2-Oct-19
21-Nov-19
12-Dec-19
13.00
14.00
14.00
12.50
13.00
14.00
15.50
10.00
13.75
14.00
14.00
14.00
14.50
15.50
15.50
14.50
14.75
0.24
0.73
0.83
1.80
1.50
2.17
2.17
3.44
2.83
4.14
3.50
3.50
3.83
4.83
4.17
6.03
4.83
1.70
1.90
1.90
1.90
1.90
1.90
1.90
1.70
1.70
1.90
1.70
1.90
1.90
1.90
1.90
1.50
1.90
0.75
0.85
1.05
1.25
0.85
2.05
0.75
0.75
1.05
0.85
0.75
1.05
0.85
1.05
1.05
0.75
1.05
14.19
15.08
15.38
15.84
15.41
16.63
15.33
14.95
15.28
15.26
14.95
15.45
15.26
15.47
15.46
14.81
15.47
99.61
99.22
98.93
94.89
96.32
94.78
100.60
87.04
96.11
96.18
97.12
95.47
97.78
100.57
100.58
98.79
97.70
7-Oct-14
18-Dec-14
31-Dec-14
17-Aug-15
9-Dec-15
6-Jan-16
29-Sep-16
30-Sep-17
30-Nov-17
9-Apr-18
9-Sep-18
9-Sep-18
22-Sep-18
17-Feb-19
11.50
13.50
17.00
10.00
12.00
14.00
13.00
13.00
18.00
16.00
18.00
16.00
14.00
17.00
0.90
1.10
1.14
2.83
2.83
1.83
2.88
3.88
3.17
4.50
4.17
4.17
4.86
4.83
1.90
1.90
1.90
1.90
1.80
1.90
1.90
1.90
1.90
1.90
1.90
1.90
1.80
1.90
0.75
0.55
0.00
1.75
0.85
2.25
1.05
0.75
2.25
1.50
1.05
1.05
0.85
2.25
15.15
15.06
14.51
16.18
15.18
16.84
15.47
15.16
16.65
15.92
15.46
15.46
15.17
16.67
97.00
98.43
103.79
91.01
94.76
95.21
94.38
93.79
104.29
100.34
108.47
101.83
96.01
101.18
11-Feb-18
10.20
4.25
1.90
0.45
14.87
85.64
10.98 24-NOV-2013
10.50 28-NOV-2013
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
Rating/Agency
Issue Vol.
(N'bn)
4,258.66
ISIN
Description
Agency Bonds
AMCON
NA
FMBN
LCR
NGAMCONONS1T13
NGAMCONONS1T21
NGAMCONONS1T39
NGAMCONONS2T12
NGAMCONONS3T11
NGAMCONONS4T10
NGAMCONONS5T19
NGFMB2015S30
NGFMB2017S20
NGLCR2016S19
NGLCR2017S26
NGLCR2017S34
6,002.65
Sub-National Bonds
A+/Agusto
A/Agusto
A-/Agusto
A+/Agusto
A/Agusto
A-/Agusto
A+/Agusto
A+/Agusto
A-/Agusto
A/Agusto
A+/Agusto
A-/Agusto
A/Agusto
A-/Agusto
A-/Agusto
A+/Agusto
A-/Agusto
LAGOS I
KWARA
*NIGER I
KADUNA
*EBONYI
*BENUE
*IMO
LAGOS II
*BAYELSA
EDO
*DELTA
*NIGER II
*EKITI
*ONDO
*GOMBE
LAGOS III
*OSUN
NG2LASGFRB1
NGKWB2014S16
NGNRB2014S02
NGKDB2015S18
NGEBB2015S18
NGBNB2016S08
NGIMB2016S10
NG2017S2LSB0
NGBAB2017S02
NGEDB2017S06
NGDEL2018S11
NGNIG2018S12
NGEKI2018S17
NGODB2019S10
NGGMB2019S19
NGLAB2019S16
NGOSB2019S14
50.00
17.00
6.00
8.50
16.50
13.00
18.50
57.50
50.00
25.00
50.00
9.00
20.00
27.00
20.00
80.00
30.00
498.00
Corporate Bonds
A+/Agusto
AA/Agusto
Nil
BBB+/Agusto
A/Agusto
BBB-/GCR
A+/Agusto
A+/GCR
BBB-/GCR
BBB+/GCR
A-/GCR
AA-/GCR
A/GCR
BBB-/GCR
LAFARGE WAPCO
GUARANTY TRUST BANK PLC
NGLCWAPBDS15
NGGTB2014S17
NGNIGGERMAN3
NGUPDCBNDS12
NGUPDCBNDS13
NGCRAMSBDS18
NGNAHCOBDS13
NGUBA2017S17
NGCIB2017S11
NGDANABNDS10
NGTOWERS1TA3
NGTOWERS1TB1
NGUBA2018S24
NGCRAMSBDS26
11.80
13.17
2.00
15.00
37.50
1.50
2.15
20.00
0.94
8.01
3.63
1.00
35.00
0.54
152.24
Supranational Bond
AAA/S&P
IFC
NGIFC2018S08
12.00
12.00
FGN Eurobonds
Rating/Agency
Issuer
BB-/Fitch; B+/S&P
BB-/Fitch;
BB-/S&P
BB-/Fitch;
BB-/S&P
FGN
Issue Date
ISIN
Description
Maturity Date
Coupon
(%)
Bid Price
Bid Yield
(%)
Offer Price
28-Jan-11
XSO584435142
500.00
28-Jan-21
6.75
108.27
5.35
109.26
5.19
02-Jul-18
XSO944707651
500.00
12-Jul-18
5.13
101.88
4.67
102.71
4.47
02-Jul-23
XS0944707222
500.00
12-Jul-23
6.38
103.26
5.93
104.27
5.79
1,500.00
Corporate Eurobonds
B-/S&P; B/Fitch
B+/S&P; B+/Fitch
Afren Plc I
01-Feb-11
USG01283AD52
450.00
1-Feb-16
11.50
113.58
4.93
114.66
4.46
GTBank Plc
19-May-11
XS0628652884
500.00
19-May-16
7.50
104.29
5.64
106.10
4.89
GTBank Plc
08-Nov-13
XS0992162635
400.00
8-Nov-18
6.00
98.28
6.41
99.02
6.23
350.00
25-Jul-17
7.25
99.37
7.44
100.90
6.97
B+/S&P
25-Jul-12
XS0807677496
B/S&P; B/Fitch
09-May-13
XS0928527257
300.00
2-May-18
6.88
93.32
8.71
95.17
8.18
B/Fitch
Afren Plc II
USG01283AF01
300.00
8-Apr-19
10.25
114.27
5.81
115.67
5.24
B/S&P; B-/Fitch
FirstBank Plc
08-Apr-12
07-Aug-13
XS0957590689
300.00
7-Aug-20
8.25
102.31
7.65
103.72
7.30
2,600.00
Treasury Bills
DTM
9
16
23
30
37
51
58
65
72
79
86
93
100
107
114
121
128
135
142
149
156
163
177
191
268
296
FIXINGS
Maturities
21-Nov-13
28-Nov-13
5-Dec-13
12-Dec-13
19-Dec-13
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
7-Aug-14
4-Sep-14
Bid
10.98
10.98
11.11
11.09
11.19
11.60
11.63
11.68
11.69
11.70
11.43
11.37
11.45
11.83
11.36
11.92
11.88
11.44
12.00
11.97
11.76
11.60
11.40
11.40
11.58
11.54
Offer
10.73
10.73
10.86
10.84
10.94
11.35
11.38
11.43
11.44
11.45
11.18
11.12
11.20
11.58
11.11
11.67
11.63
11.19
11.75
11.72
11.51
11.35
11.15
11.15
11.33
11.29
Yield (%)
11.01
11.04
11.18
11.19
11.32
11.79
11.84
11.92
11.96
12.00
11.74
11.70
11.81
12.25
11.77
12.40
12.38
11.94
12.57
12.57
12.37
12.22
12.05
12.11
12.62
12.71
Tenor
CALL
7 DAYS
30 DAYS
60 DAYS
90 DAYS
180 DAYS
365 DAYS
NIBOR
Rate (%)
10.8750
11.2500
12.2083
12.5583
13.0417
13.4583
13.8750
Spot
7D
14D
1M
2M
3M
6M
1Y
Offer ($/N)
159.04
159.26
159.61
160.44
162.10
164.87
168.31
180.94
Money Market
Closing Rate (%)
NITTY
Tenor
1M
2M
3M
6M
9M
12M
Bid ($/N)
158.94
159.06
158.32
159.94
161.22
163.99
165.87
177.08
Tenor
Rate (%)
11.2614
11.6716
11.8657
12.3021
12.5624
13.2535
OBB
10.66
O/N
10.71
REPO
Closing Rate
Call
10.58
1M
13.93
3M
14.57
6M
15.17
NOTE
** :Benchmarks
NA :Not Applicable
* :Amortising Bond
# :Floating Rate Bond
:Convertible Bond
AMCON: Asset Management Corporation of Nigeria
FGN: Federal Government of Nigeria
FMBN: Federal Mortgage Bank of Nigeria
IFC: International Finance Corporation
LCRM: Local Contractors Receivables Management
NAHCO: Nigerian Avaition Handling Company
NGC: Nigeria-German Company
UBA: United Bank for Africa
UPDC: UAC Property Development Company
WAPCO:West Africa Portland Cement Company
NIFEX
Current Price ($/N)
BID($/N)
158.9125
OFFER ($/N)
159.0125
*For the Amortising bonds, the average life is calculated and not the Duration
<2
2<3
3<5
5<10
Market
Total Outstanding
Volume(Bn)
Weighting by
Outstanding Vol
Bucket
Weighting
Weighted Mod
Duration (intrabucket)
Weighted Mod
Duration (interbucket)
% Exposure_
Mod_Duration
% Exposure_
Mac_Duration
Implied
Yield
Implied
Portfolio Price
INDEX
473.48
486.93
1,735.96
709.52
535.00
455.29
1,651.13
845.00
15.35
13.06
47.36
24.24
13.90
14.30
50.97
20.83
15.35
13.06
47.36
24.24
1.34
2.66
4.04
6.65
20.50
34.80
191.54
161.10
5.02
8.53
46.95
39.49
5.03
8.52
46.93
39.52
12.93
12.56
12.65
12.90
90.69
122.59
119.96
90.79
893.05
1,035.47
1,089.06
992.36
3,405.88
3,486.42
100.00
100.00
100.00
0.00
407.93
100.00
100.00
12.75
108.74
1,076.13
* The FMDQ FGN Bond Index is indicative until January 2nd, 2014