Skymark Partners

We are delighted to announce the successful full repayment of all investors in the Series 10 & 12 Commercial Paper issuances, amounting to NGN 767 billion, within the NGN 5 billion commercial paper program. We extend our gratitude to all institutional investors for their participation and affirm our steadfast commitment to being a reliable long-term counterparty. Additionally, has been duly informed of this development.

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We are pleased to have fully repaid all the investors in the Series 6 & 7 issuances. We thank all the institutional investors for their participation and reiterate our commitment to be a counterparty that can be counted on for the long term. has also been informed of this.

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We are pleased to have fully repaid all the investors in the Series 4 & 5 CP issuances. We thank all the institutional investors for their participation and reiterate our commitment to be a counterparty that can be counted on for the long term.

has also been informed of this.

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Considering the current interest rate hike as a control mechanism to curb inflation not just in Nigerian alone but the rest of the world, we forsee an increase in FBN bond yields in Q1 2023..

| inflationrates |Abiastate |Ogunstate |Benin

We are excited to announce the over-subcription of our series 5 and 6 commercial paper issuance.

" This issuance consolidates Skymark Partners position as an active issuer in the CP market and provides our firm with the liquidity needed to achieve its strategic objectives” - Egie Akpata

Learn more on thisdaylive.com

https://www.thisdaylive.com/index.php/2022/10/21/skymark-partners-raises-n1-84bn-series-5-6-cps-issue-oversubscribed/

FMDQ Exchange is pleased to announce the approval for the quotation of the Skymark Partners Limited ₦1.47bn Series 5 and ₦0.37bn Series 6 Commercial Papers under its ₦5.00bn Commercial Paper Issuance Programme on its platform.

We are pleased to have fully repaid all the investors in the Series 2 issuance. We thank all the institutional investors for their participation and reiterate our commitment to be a counterparty that can be counted on for the long term.

The N767million 91-day Series 2 Commercial Paper which was issued and quoted earlier in June this year on the FMDQ Securities Exchange, matured today, the 19th of September, 2022 as published on @

Recently, we sought to review the prolonged occurrence of price cuts in the Nigerian Eurobond market following the recent yield of 13.45% or $69.8 per unit (considered the worst in many years according Nairametrics)

We also shed light on the other African Eurobond markets such Ghana, Angola, Sri Lanka and Zambia. This is likened to what we had during the covid-19 pandemic. However, the market recovered a lot faster.

Get more insights into the African Eurobond market on CNBC Africa - https://www.cnbcafrica.com/media/6309723232112/

Will Nigeria’s rate hike impact local debt market? The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the Monetary Policy Rate by 100 basis points to 14 per cent. How is the local debt market digesting this development?

Our Commercial papers listed on FMDQ were recently oversubscribed; translating to a 228% subscription of the issuance. 💃🕺💃🕺

We say "thank you" to our investors for believing in us.

Ghana's public debt which drove the economy into crisis has led the country with no other option but to seek assistance from the International Monetary Fund after all efforts from the government to salvage the nation have proved abortive. The question is:

𝐂𝐚𝐧 𝐈𝐌𝐅 𝐬𝐚𝐯𝐞 𝐆𝐡𝐚𝐧𝐚 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐝𝐞𝐛𝐭 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧?

Our chairman shares his insights into this situation: https://lnkd.in/eTTJdBUA

Can IMF bailout stop Ghana's debt vulnerability? Ghana’s move to engage with the IMF for a bailout, reversing a policy decision not to seek assistance from the multilateral lender saw the nation’s Eurobonds surge after the announcement.

Global markets expects hike in rates due to inflation.
How does this affect countries that need to raise capital over the next couple of months especially in the eurobond market?

Currently, bond yield seems to be fairly stable, we  however,  anticipate a further increase in interest rates which is most likely going to send bond yields higher.

Though, the DMO announced earlier in the year that the Nigerian economy has no plans to raise funds via the eurobond market.

How long do you think we can hold this up considering our current deficit? 🤔

We are glad to finally have our CP quoted on FMDQ 🥰

Earlier this month, the Federal Open Market Committee raised the benchmark interest rate for the first time in more than three years and forecasted six more increases this year.

How do you think this will impact moves by emerging markets to raise money in the U.S bond market ?

Get expert insights from our chairman on CNBC Africa

In what ways do you think this will impact moves by emerging markets to raise money in the U.S. bond market?
Chairman, Egie Akpata shares expert insights on CNBC Africa
https://www.cnbcafrica.com/media/6300864014001/

US Federal Reserve to announce first rate hike today The US Federal Reserve will announce its monetary policy direction later today, with global markets expecting a hike in rates amid soaring inflation.