Nigeria: Investors Anticipate N189bn Payout in 2018 as Government Bonds Mature

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The estimated value expected to be redeemed to investors in 2018 stands at N189billion. This figure excludes the value of two Federal Government Bonds billed to mature in the investment year, a report by ThisDay newspaper revealed. 

Breakdown of the maturing bonds, which include a Supra-National Debt listed by the International Finance Corporation (IFC), the investment arm of the World Bank, state and local debts floated by three state governments in Nigeria and four corporate bonds, showed that investors will get returns on investment (ROI) or coupon ranging between five percent and 16 percent.

The bonds listed on the Nigerian Stock Exchange (NSE) and FMDQ OTC Exchange for trading were mainly dominated by state governments. Three state governments, namely, Delta, Niger, and Ekiti, whose bonds will mature in different months in 2018, accounted for about 56 percent of the N189billion billed to be redeemed in 2018.

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