FMDQ Daily Quotations List

5-Nov-13

The FMDQ Daily Quotations List (DQL) comprises of prices of trading securities in the OTC market. For the non-actively traded securities where actual prices are not available, fair prices have been derived using various valuation methods. Also, where the market does not
show quote for a particular security for five (5) consecutive trading days, a fair price shall be determined for such security.
Bonds
Price

FGN Bonds
Rating/Agency

ISIN

Nil
NIl
Nil
NIl
NIl
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil

NGF201300270
NGF201300494
NGF201300288
NGFG8B2014S0
NGF201400328
NGF201400377
NGF201400427
NGFG7B2015S9
NGFG102016S6
NGFG9B2017S1
NGF201700396
NGF201700404
NGF201800477
NGFG9B2019S7
NGFG6B2019S3
NGFG9B2022S1
NGF202800500
NGFG6B2029S2
NGFG6B2029B8
NGFG7B2030S8
TOTAL OUTSTANDING VOLUME
LEGEND
: Benchmark

Rating/Agency
Agency Bonds
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil

Issuer

AMCON

FMBN

Nil
LCR
Nil
TOTAL OUTSTANDING VOLUME
Sub-National Bonds
A+/Agusto
LAGOS I
A/Agusto
KWARA
A-/Agusto
*NIGER I
A+/Agusto
KADUNA
A/Agusto
*EBONYI
A-/Agusto
*BENUE
A+/Agusto
*IMO
A+/Agusto
LAGOS II
A-/Agusto
*BAYELSA
A/Agusto
EDO
A+/Agusto
*DELTA
A-/Agusto
*NIGER II
A/Agusto
*EKITI
A-/Agusto
*ONDO
A-/Agusto
*GOMBE
A+/Agusto
LAGOS III
A-/Agusto
*OSUN
TOTAL OUTSTANDING VOLUME
Corporate Bonds
A+/Agusto
AA/GCR
Nil
BBB+/Agusto
A/Agusto
BBB-/GCR
A+/Agusto
A+/GCR
BBB-/GCR
BBB+/Agusto
A-/GCR
AA-/GCR
A/GCR
BBB-/GCR

LAFARGE WAPCO
GUARANTY BANK PLC

NGC STERILE LTD

*UPDC
*FLOURMILLS
*CHELLARAMS I
NAHCO
UBA I
*C&I LEASING
*DANA GROUP#
*TOWER FUNDING PLC#
UBA II
*CHELLARAMS II#

Description

Issue Vol. (Nbn)

Issue Date

Maturity Date

Coupon (%)

Modified Duration (Yrs)

Duration 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
4,258.66

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

0.05
0.06
0.13
0.35
0.38
0.59
0.82
1.35
2.22
2.68
2.92
3.02
3.32
3.63
4.52
4.62
6.09
6.34
6.90
6.88

11.46
11.48
11.65
12.26
12.35
12.75
12.90
12.88
12.43
12.35
12.38
12.39
12.43
12.47
12.50
12.50
12.73
12.77
12.86
12.85

99.45
99.41
99.48
98.82
98.84
97.33
96.48
88.33
101.23
107.28
92.44
90.63
93.78
113.67
77.05
119.28
114.72
97.81
70.39
80.23

99.95
99.91
99.98
99.32
99.34
97.83
96.98
88.48
101.38
107.58
92.59
90.93
94.08
113.97
77.35
119.58
115.02
98.11
70.69
80.53

Description

Issue Vol. (Nbn)

Maturity Date

Coupon (%)

Avg. Life/Duration Yield

(%)

LRP (%)

CRP (%)

Valuiation Yield
(%)

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

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

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
17.25
0.00
0.00

11.69
11.69
11.69
12.85
12.89
12.89
12.89
12.83
12.37
12.38
12.42

1.50
1.90
1.50
1.50
1.50
1.50
1.50
1.90
1.90
1.50
1.50

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

13.19
13.59
13.19
14.35
14.39
14.39
14.39
14.73
14.27
13.88
13.92

66.49
6,002.65

6-Jul-17

0.00

12.45

1.60

0.00

14.05

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

Source: FMDQ

:Non-benchmark

ISIN

NGAMCONONS1T13
NGAMCONONS1T21
NGAMCONONS1T39
NGAMCONONS2T12
NGAMCONONS3T11
NGAMCONONS4T10
NGAMCONONS5T19
NGFMB2015S30
NGFMB2017S20
NGLCR2016S19

0.00 AMCON 31-DEC-2013 SR.1 TR.1

0.00 AMCON 31-DEC-2013 SR.1 TR.2
0.00 AMCON 31-DEC-2013 SR.1 TR.3
0.00 AMCON 08-AUG-2014 SR.2 TR.1
0.00 AMCON 15-NOV-2014 SR.3 TR.1
0.00 AMCON 31-OCT-2014 SR.4 TR.1
0.00 AMCON 31-OCT-2014 SR.5 TR.1
0.00 FMB 24-MAY-2015
17.25 FMB 03-APR-2017
0.00 LCR 09-DEC-2016

NGLCR2017S26
NGLCR2017S34

0.00 LCR 20-APR-2017

0.00 LCR 06-JUL-2017

NG2LASGFRB1
NGKWB2014S16
NGNRB2014S02
NGKDB2015S18
NGEBB2015S18
NGBNB2016S08
NGIMB2016S10
NG2017S2LSB0
NGBAB2017S02
NGEDB2017S06
NGDEL2018S11
NGNIG2018S12
NGEKI2018S17
NGODB2019S10
NGGMB2019S19
NGLAB2019S16
NGOSB2019S14

13.00 LAGOS 9-FEB-2014

14.00 KWARA 5-AUG-2014
14.00 NIGER 15-OCT-2014
12.50 KADUNA 31-AUG-2015
13.00 EBONYI 30-SEP-2015
14.00 BENUE 30-JUN-2016
15.50 IMO 30-JUN-2016
10.00 LAGOS 19-APR-2017
13.75 BAYELSA 30-JUN-2017
14.00 EDO 31-DEC-2017
14.00 DELTA 30-SEP-2018
14.00 NIGER II 4-OCT-2018
14.50 EKITI 09-DEC-2018
15.50 ONDO 14-FEB-2019
15.50 GOMBE 02-OCT-2019
14.50 LAGOS 21-NOV-2019
14.75 OSUN 12-DEC-2019

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

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

11.94
12.82
12.90
12.78
12.87
12.86
12.64
12.36
12.42
12.39
12.35
12.35
12.37
12.42
12.39
12.47
12.42

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

14.39
15.57
15.85
15.93
15.62
16.81
15.29
14.81
15.17
15.14
14.80
15.30
15.12
15.37
15.34
14.72
15.37

NGLCWAPBDS15
NGGTB2014S17
NGNIGGERMAN3
NGUPDCBNDS12
NGUPDCBNDS13
NGCRAMSBDS18
NGNAHCOBDS13
NGUBA2017S17
NGCIB2017S11
NGDANABNDS10
NGTOWERS1TA3
NGTOWERS1TB1
NGUBA2018S24
NGCRAMSBDS26

11.50 LAFARGE WAPCO 7-OCT-2014

13.50 GUARANTY TRUST 18-DEC-2014
17.00 NGC 31-DEC-2014
10.00 UPDC 17-AUG-2015
12.00 FLOURMILLS 09-DEC-2015
14.00 CHELLARAMS 06-JAN-2016
13.00 NAHCO 29-SEP-2016
13.00 UBA 30-SEP-2017
18.00 C&I LEASING 30-NOV-2017
MPR+7.00 DANA 09-APR-2018
MPR+7.00 TOWER 09-SEP-2018
MPR+5.25 TOWER 09-SEP-2018
14.00 UBA II 22-SEP-2018
MPR+5.00 CHELLARAMS II 17-FEB-2019

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

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

12.90
12.89
12.89
12.42
12.42
12.76
12.41
12.39
12.38
12.41
12.39
12.86
12.45
12.42

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

15.55
15.34
14.79
16.07
15.07
16.91
15.36
15.04
16.53
15.81
15.34
15.81
15.10
16.57

TOTAL OUTSTANDING VOLUME

152.24

Supranational Bond
AAA/S&P
IFC
TOTAL OUTSTANDING VOLUME

NGIFC2018S08

10.20 IFC 11-FEB-2018

98.03
97.97
98.03
90.03
86.70
87.19
87.19
80.22
107.79
83.66
75.15
78.08
Source: FMDQ

99.54
98.86
98.52
94.71
95.96
94.37
100.67
87.32
96.39
96.53
97.62
95.97
98.25
100.92
101.07
99.10
98.07
Source: FMDQ

96.62
98.13
103.41
91.09
94.90
95.06
94.61
94.11
104.64
100.70
108.94
100.68
96.26
101.53
Source: FMDQ

12.00
12.00

11-Feb-18

10.20

12.42

1.90

0.45

14.77

Issue Vol. ($mm)

Maturity Date

Coupon (%)

Bid Price

Bid Yield (%)

Offer Price

Offer Yield (%)

500.00
500.00
500.00

28-Jan-21
02-Jul-18
02-Jul-23

6.75
5.13
6.38

108.92
102.35
104.63

4.31
3.86
4.36

110.07
103.12
105.55

4.29
3.84
4.34

01-Feb-16
19-May-16
25-Jul-17
02-May-18
08-Apr-19
07-Aug-20

11.50
7.50
7.25
6.88
10.25
8.25

114.00
105.57
99.72
93.39
114.75
102.36

6.02
6.24
4.75
7.12
6.63
5.01

115.00
106.63
101.41
95.46
115.75
103.94

6.00
6.20
4.71
6.97
6.59
4.97

FGN Eurobonds

85.86
Source: FMDQ

Prices & Yields

Rating/Agency
BB-/Fitch
BB-/Fitch
BB-/Fitch

Indicative Price

Issuer

ISIN
XSO584435142
XSO944707651
XS0944707222

FGN

Description
6.75 JAN 28, 2021
5.13 JUL 12, 2018
6.38 JUL 12, 2023

TOTAL OUTSTANDING VOLUME

1,500.00

Corporate Eurobonds
B-/S&P; B/Fitch
B+/S&P; B+/Fitch
B+/S&P
B/S&P; B/Fitch
B/Fitch
B/S&P; B-/Fitch

Afren Plc I
GTBank Plc
Access Bank Plc
Fidelity Bank Plc
Afren Plc II
FirstBank Plc

USG01283AD52
XS0628652884
XS0807677496
XS0928527257
USG01283AF01
XS0957590689

11.50 FEB 01, 2016

7.50 MAY 19, 2016
7.25 JUL 25, 2017
6.88 MAY 09, 2018
10.25 APR 08, 2019
8.25 AUG 07, 2020

450.00
500.00
350.00
300.00
300.00
300.00

TOTAL OUTSTANDING VOLUME

Treasury Bills
DTM
9
16
23
30
37
44
58
65
72
79
86
93
100
107
114
121
128
135
142
149
156
163
170
184
198
275
303

5,200.00

Bid
10.15
10.40
10.40
11.45
11.00
11.72
11.88
11.88
11.94
11.97
11.74
11.57
11.58
11.83
12.05
11.95
12.10
12.10
12.07
12.08
12.02
12.10
11.60
11.91
11.87
11.70
11.65

Offer
9.90
10.15
10.15
11.20
10.75
11.47
11.63
11.63
11.69
11.72
11.49
11.32
11.33
11.58
11.80
11.70
11.85
11.85
11.82
11.83
11.77
11.85
11.35
11.66
11.62
11.45
11.40

Yield (%)
10.17
10.45
10.47
11.56
11.12
11.88
12.10
12.13
12.22
12.28
12.07
11.91
11.95
12.25
12.51
12.43
12.62
12.65
12.65
12.70
12.65
12.78
12.25
12.65
12.66
12.80
12.87
Source: FMDQ

NIBOR
Tenor
CALL
7 DAYS
30 DAYS
60 DAYS
90 DAYS
180 DAYS
365 DAYS

Rate (%)
10.7917
11.1667
11.7917
12.1667
12.5417
12.9750
13.3750

NITTY
Tenor
1M
2M
3M
6M
9M
12M

Rate (%)
10.6074
12.0139
12.0887
12.4889
12.8702
13.1255

NIFEX
Current Price ($/N)
BID($/N)
OFFER ($/N)

158.1875
158.2875

Bid ($/N)
offer ($/N)

NOTE
*For the Amortising bonds, the average life is calculated and not the
Duration

REPO

Foreign Exchange
Closing Rate
10.54
10.79

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

Source: FMDQ

Call
Money Market
OBB
O/N

LEGEND
* :Amortising Bond
:Convertible Bond
# :Floating Rate Bond

FIXINGS
Maturities
14-Nov-13
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

Spot Rate
158.5
158.6

Forward Rate
158.60
158.80

Closing Rate
10.87

1M
3M
6M

FMDQ Federal Government Bond Index (FMDQ FBI)

Index

Average Coupon

Modified Duration

Average Clean Price

Market Cap (Nbn)

YTD Return (%)

1825.26

10.95%

4.02

92.56

3158.25

4.56

Total Return Inception

(%)
85.26

Source: FMDQ

Financial Markets Dealers Quotations

1, Olosa Street, Victoria Island, Lagos
Tel: +234 1 2778776 W: www.fmdqotc.com